Luxury Lifestyle

There are a few streets in London that are homes to some of the richest billionaires in the world. In fact, the ironic thing is that the homes are so expensive and the owners so rich, that many of them stay vacant throughout the year. The reason is obvious, billionaires have more than one home so they may only stay in each of them for brief periods of time while keeping one or two as their primary residence(s). In the last decade or two, London has become known as the “billionaire capital of the world”. Today you’ll see a few of the more popular areas and a few homes to give a sampling of what billionaire’s homes in the U.K. look like.  Just like in any part of the world, sometimes cost is not equal to square footage. When it comes to homes, it is often more about location, location, location. Bishop’s Avenue Bishop’s Avenue is said to be the second most expensive street in London and used to be called Millionaire’s Row. Since prices have continued to increase over the las...

London is one of the most expensive cities in the world. Yet, the real estate is always in high demand, regardless of the price. In fact, many residential properties in London are owned by international billionaires who understand the city’s market values. Celebrities, such as Tom Cruise and Gwyneth Paltrow are looking at and purchasing properties in the amazingly hip European city, as well. The real estate industry in this market is definitely booming yet as one report showed, 34 percent of the buyers in the London areas of Belgravia, Kensington, Chelsea and Mayfair are not living there. It seems the rich and famous foreigners from Russia, Southeast Asia and India are buying up incredible properties and, in some areas, foreign ownership is as high as 59 percent. Prices continue to escalate and local London residents are finding it more difficult to afford to live in the central part of the city. The obvious challenge for the government is the fact that many foreign property owner...