The Holme, a four-acre mansion located in England’s Regent Park, would be the most expensive property in London and the world if it found a new owner. As reported by the Financial Times, the property has been listed on the market with an asking price of £250 million. This staggering price beat strong competitors such as the £210 million property 2-8a Rutland Gate in Knightsbridge and the US$250 million penthouse above Central Park Tower to claim the title as the most expensive residence on the market.
With 40 bedrooms and an impressive 29,000 square feet of living space, this estate is easily the top choice for those looking for a family home where members can gather over the holidays. Apart from countless rooms, The Holme boasts eight garages, a tennis court, a library, a sauna and a large dining room. Also on the property is an ornamental lake, a large lawn and lush greenery.
Situated in one of London’s eight royal gardens, Holme is expected to attract wealthy buyers from the city and abroad. According to Quartz, “London’s housing market has attracted more international buyers, with foreigners purchasing 48 per cent of real estate considered the city’s ‘main hub’ last year.”
This strong sentiment among the world’s richest people serves as a strong contrast to rapidly declining markets and soaring inflation rates around the world. Despite these unfavorable conditions, the rich still make large purchases and this shows how the rich regard property as an important aspect of diversifying one’s portfolio.
Designed by Decimus Burton, a prominent 19th-century architect, in 1818, the property represents a Regency-style building. It also has an ionic influence as seen from the slender columns on the terrace. The first owner was James Burton and more recently, ownership can be traced to the Saudi royal family when it changed hands in 1998.
It was reported that the house was repossessed after a US$180 million loan was exhausted. The recipient also seized other assets including a private plane and property in New York. Holme’s sale, with its high asking price, would be the quickest way to pay off the loan. The mansion was sold with Beauchamp Estates and Knight Frank.
