Property News · July 18, 2021

London basement extensions now as normal as loft conversions, study finds


Most are built for middle-class professionals rather than oligarchs, with trend raising flood concernsWith their underground swimming pools, cinemas and art galleries, London’s luxury basement developments have long provoked envy and disgust as depositories for the hidden wealth of the super rich.But a new study, which has mapped all the 7,328 basements approved by 32 boroughs and the City of London between 2008 and 2019, has found that the majority of these developments were built for middle-class professionals rather than oligarchs, with the researchers saying they have become as normal as loft conversions. Continue reading…

Source : theguardian.com
Read more…London basement extensions now as normal as loft conversions, study finds

You may also like...