Blog Post No. 151
Exploring London’s Mega Mansion Market: A Conversation with Gary Hersham
Gary Hersham, the founder of Beauchamp Estates, is a true property specialist who has dedicated nearly forty years to building a reputation as a major player in the super prime and prime central London residential property market.
With exceptional client relationships and a passion for the industry, Gary’s expertise extends beyond residential properties, and he has extensive knowledge of the commercial and development markets.
To connect with this expert, email firstname.lastname@example.org or if you are a member log in to connect with Gary directly by clicking on his profile on this page or via ‘Hire an expert’.
In the interview, Gary Hersham, the founder of Beauchamp Estates, discusses the state of London’s super prime property market. He mentions that sales have been strong, especially in Mayfair, with Grosvenor Square being a hot spot for mansion purchases by Indian and Middle Eastern buyers. Europeans and Americans, on the other hand, are more inclined to purchase serviced apartments, attracted by the convenience and amenities they provide.
Gary highlights the grand reception rooms as a new unique feature in the market. He also mentions the most expensive rental was 85,000 pounds a week for one and a half years, and wealthy renters usually search for properties while their permanent homes are being renovated. When asked about new wealth coming into London recently, he stated that no nationality stands out more than others at the moment.
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