Britain’s Most Expensive Houses

For more information about the program:

Media Requests for UK Sotheby’s International Realty:
Deborah Battsek: pr@deborahbattsek.com

 

Britain’s Most Expensive Houses follows top agents from UK Sotheby’s International Realty as they offer insight on some of the most spectacular properties on the market. Channel 4 picked up on the need to provide a little escapism whilst also acknowledging a world-wide trend as people sought properties with more space in light of the pandemic and the stamp duty holiday. The documentary will air at 8PM on the 28th of December.

The new immigration framework in Andorra

Law 9/2012 of 31 May 2012 on immigration offers several residence possibilities in Andorra, including passive residence.

Chalet-Tower for sale in Escaldes-Engordany – £2,827,459

Opportunities for British citizens. Passive or non-profit residence in Andorra

There are three categories of passive residence:

Category A: For people living in Andorra without lucrative activity

Category B: For people who have a service company or activity on an international scale that does not make a profit at a local level.

Category C: Created for elite athletes, scientific researchers and artists with international prestige.

In these cases, it is necessary to have a main and effective residence in the Principality of Andorra for at least 90 days per calendar year.

The economic requirements that a resident without lucrative activity must fulfil are the following:

Permanently and effectively invest an amount of at least 400,000 euros in one or several types of assets that are listed below:

  1. Real estate located in the Principality of Andorra.
  2. Holdings in the share capital or in the equity of companies located in the Principality of Andorra.
  3. Debt instruments or finances issued by entities with residence in the Principality of Andorra.
  4. Debt instruments issued by any Public Administration of the Principality of Andorra.
  5. Life insurance contracted with entities with residence in the Principality of Andorra.
  6. Non-interest-bearing deposits with the Andorran Financial Authority (AFA).
Chalet-Tower for sale in Escaldes-Engordany
£2,827,459

Make a non-interest-bearing 50,000 euro deposit with the Andorran Financial Authority (AFA). In addition, the principal owner must also deposit the non-interest-bearing amount of 10,000 euros for each dependent living in the country as a resident without lucrative activity. These amounts will be deducted from the amount referred to in the previous section.

Passive residents are continuously increasing. This community includes some of the world’s top athletes who take advantage of the benefits of altitude training.

Life in a Branded Residence

For many the concept of hotel-quality furnishings, services and facilities at your fingertips is something to aspire to but in recent years, it has become not just a distant dream but a reality.

In 2018, Four Seasons Hotel London at Ten Trinity Square launched 10 new luxury Residences as part of its inventory, offering the same exceptional level of service and product as for hotel guests in a home-from-home environment.

The Residences – including the Tower Residence with a large terrace and views of the Tower of London and Tower Bridge – have been designed by some of the UK’s leading names in interiors including LINLEY, Richmond International, Fox Linton and Martin Kemp. The designs take inspiration from the 1920’s when the grade II*-listed property was originally built as the headquarters of the Port of London Authority and elements of the nautical heritage of the building can be seen throughout.

Ten Trinity Square also made history in 1946 as the site of the inaugural reception of the United Nations General Assembly and today, the wood-panelled room in which the reception was held has been carefully restored as an events space for Hotel and Residence guests.

To ensure the utmost privacy and discretion, the Residences have their own private entrances and 24-hour Security and Concierge. Fully managed and serviced by Four Seasons, with open-plan living areas, dining rooms, fully equipped kitchens and up to four bedrooms, the Residences offer a new level of luxury living within the City of London.

Whether staying on a short or longer-term basis, Residents benefit from exclusive access to the hotel’s private members club and amenities including swimming pool, fitness centre, restaurants and in-room dining services.

A whole host of additional benefits such as grocery delivery, private chef services, private wine tasting experiences and more are also available.

If you didn’t dream of living in a Residence before, you might just start now.

By Gemma Minto

North London – Spring Update 2019

The North London property market is known for its seemingly paradoxical suburban lifestyle that is indeed situated in the London metropolis. Living north of the river means you have access to the central business district but can still return to a house on quiet tree-lined roads with privacy and parking. We’ve recently taken on two blockbuster instructions. Marlborough Place, St Johns Wood, is situated only moments away from The American School of London (ASL), and has the added benefit of being on 3 floors only, large rear garden, indoor swimming pool and off street parking for up to 4 cars, set behind electric gates (The asking price is £11,750,000). Heathfield House would be ideal for a family that is looking for a stunning 18,500 square foot family residence, sitting on over 2 acres of private grounds (The asking price is £40,000,000) within prime Highgate. While London’s property market has slowed, gaining instructions like these tell us that the market has not come to a standstill and that there is opportunity to find something truly extraordinary. This is an area where celebrities, government dignitaries, and business elite come to call home. With all imaginable amenities, big-name international schools, and the potential for influential neighbours, people aspire to live in North London to grow their families and enrich their lives.

North London is also looking forward to working more closely with a charity foundation, keep on the lookout for the announcement in the coming months! We have a corporate social responsibility to be active in the communities where we live and work.

If you have a client looking to purchase a property, sell or rent, I would be delighted to assist. Please feel free to contact me

By Lee Koffman
Associate Director
N/NW London – Prime House Sales

 

New York – London seeing increased investment from buyers from USA

With the dollar’s strength against the sterling it is no surprise that we are seeing an uplift in enquiries from Americans looking at investment properties in London. The opportune moment to take a trip to New York had arrived and I visited the incredible team working in our Manhattan offices. TV programmes such as Million Dollar Listing show the glamour and drama of the New York and USA property markets, but the real inspiration comes from the Global Property advisors that work for Sotheby’s Realty in the City of New York.

Arriving on Sunday afternoon into a fantastic carnival of cheers and support for the New York Marathon runners showed me that this city is one of tremendous camaraderie and multi-cultural awareness. Everywhere I went I was welcomed as one of their own, every local asking me about the UK, Brexit, Nigel Farage, Boris Johnson and the currency. New York and London are not dissimilar, both cities have their transport links, attractions and love of a serious traffic jam in rush hour. Later in my trip I returned from a day at the offices to a fanfare of TV crews, journalists and supporters – I didn’t realise I had made such a splash! Then, it dawned on me that the Andrew Cuomo, Governor of New York, had chosen my hotel as his base for the evening, including a room on my floor. This will probably be the one-and-only time I have the secret service outside my room as I sleep! Andrew Cuomo went on to win the Democratic vote with 59% of the vote his mid-term re-election.

I spent two days doing presentations on the London market with a particular focus on a boutique scheme in Covent Garden, our client happened to be in New York at the same time and visited the brokers with me. The reception we received made us feel like kings, I can only imagine how well these guys treat their clients. The attention in the rooms and questions posed to us showed how much these brokers really care about understanding both their local and global markets for their clients. The best brokers in NYC are called Global Portfolio Advisors – truly earning the title, they sell and advise on property transactions in New York, London, Monaco and Dubai to name just a few places. Asian investors currently have the best opportunity to trade at good discounts on the property market with the currency play, but there are equally good opportunities for the savvy USA investor to secure transactions at 15%-20% discount with the right currency and advice on where to buy.

Our clients in the UK and USA have shared interests: investors are looking to diversify their portfolios with properties across the globe. They can trust in our Sotheby’s International Realty network because we can personally recommend the individuals around the world who will best suit our clients’ needs. As we continue to meet our global brokers, I am increasingly confident that our clients will benefit from our diversity and reach. I am looking forward returning to New York in a few months as we look to strengthen the NYC-London bond even further.

 Guy Bradshaw
Director, Head of London Residential