Over the past ten years, London has seen a startling rise in the number of new ultra-prime apartments offering lifestyle amenities.
The last word in luxury living, these hotel-style apartments are being sold to high-net individuals at record-breaking prices in excess of £2.25 million (price increase is 341 percent of what a similar apartment cost in 2009).
Another record breaking figure indicated in the report is the 62 per cent price premium which new apartments in Central London sell at as compared to second-hand conventional apartments.
According to Martin Bikhit, Managing director of Kay & Co, “There are now some 4,000 of these apartments, 1,083 5-star rated, located across eight Central London districts including Marylebone, the Hyde Park Estate, Bayswater and Fitzrovia. This is in the heart of our Kay & Co operating area.”
Find out more about our hotel-style flats for sale in Central London on our website.