London home to three of top 10 properties selling worldwide next year – research

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Grade II-listed 18 Carlton House Terrace, just a short distance from Trafalgar Square. Picture: Oli Scarff/Getty Images

Wednesday, December 18, 2013
7:04 PM

Three of the biggest 10 property deals in the world next year will take place in London, according to new research.

US and UK property dominates the market, with nine out of the top 10 potential sales in these two countries.

The study carried out by consultancy WealthInsight and Spear’s magazine found that an exclusive Grade I listed mansion in St James’s, London, tops the table with an asking price of £250 million, followed by Saudi Prince Abdul Aziz bin Fahd’s home in Kensington Palace Gardens, on the market for £100 million.

A Grade II listed mansion in Bishops Avenue in north London, formerly the London residence for William Lyle of the Tate Lyle family, is also in the top 10, listed at £65 million.

WealthInsight analyst Oliver Williams said nearly all the properties included in the research were noteworthy because of their location, or historic or architectural significance.

“This goes to show that buyers will pay hefty premiums for unique houses that might be coming on the market for the first time in their history,” he said.

The top 10 property sales of 2014 predicted by Spear’s and WealthInsight:

• 18 Carlton House Terrace, London – £250 million;

• Kensington Palace Gardens, London – £100 million;

• The Owlwood Estate, Los Angeles – 150 million US dollars (£92 million);

• Copper Beech Farm, Connecticut – 140 million US dollars (£86 million);

• Crespi/Hicks Estate, Dallas – 135 million US dollars (£83 million);

• The Residence at the River House, New York – 130 million US dollars (£80 million);

• The Penthouse at the Pierre Hotel, New York – 125 million US dollars (£77 million);

• Zeki Pasa Waterside Mansion, Istanbul – 115 million US dollars (£70 million);

• One Beacon Court Duplex, New York – 115 million US dollars (£70 million);

• Bishops Avenue, London – £65 million.

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