Property News · February 18, 2017

A London penthouse for £60,000. No, not to buy – that's the weekly rent


Capital’s most expensive apartment is one of new breed of ultra-luxurious properties aimed at cash-splashing global super-richIt may cost £60,000 a week to rent, but London’s most expensive flat does come with a butler, a choice of daily newspaper – and the use of an Aston Martin. The 448 sq metre art deco Park Lane penthouse is the costliest of a new breed of ultra-luxurious properties designed to cater for the global super-rich, who are choosing to rent rather than buy in London in order to avoid million pound-plus stamp duty bills.The staggering rent means that a week at the five-bedroom, five-bathroom property in the Grosvenor House Suites costs more than twice the average annual UK wage of £28,000. Continue reading…

Source : theguardian.com
Read more…A London penthouse for £60,000. No, not to buy – that’s the weekly rent

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