New report estimates London has £62 billion of 'under-utilised space' in the form of large, mortgage-free family houses, with £5 billion in Kensington & Chelsea alone; massive unrealised wealth could instead be generating 'significant lifestyle, healthcare support and inheritance benefits' for retirees, says developer, and presents a huge opportunity for a formerly niche sector of the property market...
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Some fascinating insights into this year's £10m+ sales market from Knight Frank, including a flurry of £30m+ deals, building demand for super-prime, currency plays, and how UHNW buyers are getting younger…