The famous penthouse included two wine cellars, two underground parking spaces and balconies overlooking the park. Nick Candy lived in the luxury apartment with his wife, actress and singer Holly Valance, before selling the property to PHB London Holdings Ltd. in Guernsey.

Although this sale price is the largest sale that has been recorded by the Land Registry, a spokesman on behalf of Nick Candy has confirmed that this was a refinancing deal rather than a sale, as PHB London Holdings Ltd, an offshore company which  Nick Candy owns and controls himself, for a remortgage.

Although London property prices have fallen in 2017, with the stamp duty increase in April and with Brexit uncertainty, this has created property purchase opportunities for international investors and the super-rich interested in £10 million-plus properties, who are not fazed by Brexit, and this business has picked up, with the number of prospective buyers showing interest, increasing by 7% in the first three months of this year, in comparison to 2017.

Knight Franks Ian Bailey, Head of Research confirmed, that with sterling being weak against various other currencies international buyers could see advantaged savings, with 60% of the prime property buyers’ market being made by foreign investors from India, the Middle East, Russia and Europe.

According to Molior London; property research specialists, property developers are selling at property discounts of 10-15% is deemed as normal, with discounts of up to 30% to corporate buy-to-rent investors who buy in bulk, which accounted for 39% of bulk deals in June 2018, which indeed sees the UK property market as one of great opportunity for the super-rich.

Astons offers expert property advice to investors worldwide, who apply for residence and citizenship by investment programs via the real estate investment route.

Our property services extend to commercial and residential real estate. Astons acts as an independent buying agent, handling the search, negotiations and acquisitions of luxury, high-value, and highly sought-after properties that often never make it to the open market.

Astons can also assist with sales and property rentals, including financing, mortgage and lending services.

For more information contact our property team at [email protected] or call us on +44 (0)203 384 0190