Why international buyers prefer Regent’s Park properties

If you are an international purchaser looking to invest in a quintessentially English property, you can’t get much better than Regent’s Park – a royal open space surrounded by listed buildings and graceful architecture.

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Regent’s Park is already home to Middle Eastern royalty such as Qatar’s first lady, Sheikha Mozah bint Nasser Al Missned and Russian oligarchs like Andrey Goncharenko, who bought Hanover Lodge - a Grade II listed Regency mansion - for £120 million in 2014.

Now that list is set to grow. “A tumultuous global political and economic outlook will prompt more international buyers to consider London in 2017, especially in prime Central London enclaves such as Regent’s Park” comments Kay & Co’s Managing Director, Martin Bikhit. "Currency advantages due to the fluctuating pound are giving many investors (especially in Asia) a buying advantage and we expect a surge in American purchasers as the country changes under Trump’s presidency. Foreign home movers still consider London to be a premier statement address, with favourable tax conditions and a stable political outlook, despite the EU referendum result.

A new report commissioned by Central London estate agents Kay & Co has revealed the extent to which overseas buyers and investors have made Regent’s Park their base. Just under half of the area’s purchasers originate from outside of the UK, with the largest group of international buyers from the Middle East and Asia (14.8%), followed by non-UK Europeans (12%) and Africans (5.7%).

Bikhit explains one of the reasons why Regent’s Park is attracting overseas interest now when other prime Central London areas are seeing a dip in values or transactions. "Our report shows that Regent’s Park house prices have been robust enough to outperform other Central London areas, with average sales price growth of 123% over the last 10 years, compared to 105% growth seen across prime Central London as a whole. It’s an upward trend that gives buyers and investors confidence that their asset will appreciate and Kay & Co sees room for more price growth.”

Future growth stems from stock, with a rich but limited vein of heritage properties bearing a level of style, grace and proportion never to be repeated. Many of the dwellings in and around Regent’s Park were designed by the architect John Nash, who was commissioned in 1811 by the Prince Regent (later King George IV). Today the villas of the park’s ‘Inner Circle’ form an ultra-exclusive sanctum of desirability, with Nash’s surrounding terraces equally as sought after for their period charm as for their ability to be transformed into the most lavish of residences.

"Regent’s Park property values hold and increase due to their restricted availability – there’s a finite supply and those that do come on to the market tend to be snapped up by international purchasers overnight. In fact, Kay & Co holds waiting lists of potential purchasers keen to secure a slice of the local heritage” adds Bikhit.

Regent’s Park’s central location holds huge appeal among overseas buyers. It is at the heart of the capital’s cultural, social, retail and business districts, complemented by excellent access to the Eurostar at St. Pancras, Heathrow and Gatwick airports. Also located within the park is Regent’s University London, which offers UK and America-style degree programmes. Additionally, a number of other leading universities have faculties within a short walk or commute – making it a popular destination with international students.

Kay & Co has over 30 years of experience selling Regent’s Park properties. While our staff are very happy to meet you in our offices, we frequently deal with international purchasers and complete sales to foreign nationals remotely. Contact us today to view our current Regent’s Park properties for sale or to join our waiting list.

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