Modern infrastructure, cultural attractions and bountiful luxury properties, life in a city like London could be just what the doctor ordered.
Convenience isn't abundant
As gorgeous as the English countryside is, convenience isn’t one of its abundant qualities.
HNWIs and aristocrats are seeing the value in being situated closer to the amenities and attractions they like. A large country house can require a substantial amount of upkeep, especially with staff and maintenance, that wouldn’t be necessary in a smaller, yet equally as impressive, luxury property in London. Retiring country homeowners are increasingly feeling drawn to an environment where they are surrounded by arts, culture and restaurants and don’t have to drive for miles to stock up on the essentials. With so many options like luxury branded residences on the table, they can swap their expansive halls for ultra-modern apartments in resorted heritage buildings that have porters and concierges on hand to assist with a range of requirements, not to mention a host of added amenities like swimming pools and gyms.
Conscious urban planning
Cities, and our perspectives of them, have changed for the better in recent years.
More conscious urban planning, the introduction of more green spaces and an influx of luxury property developments have made them far more appealing for prospective home buyers and tenants. There is also so much variety available, especially in a city like London. Here you can find quaint corners that have a ‘village’ atmosphere whilst stilling being moments from central city locations or elite penthouses that overlook the iconic skyline and have every luxury right on the doorstep. Families are also weighing up the benefits of city living where their little ones can spend the weekends at museums, theatres and giant parks filled with state-of-the-art playgrounds. New experiences are around every corner, so parents don’t have to work very hard to entertain their offspring or find outlets for their own entertainment (not to mention qualified babysitters they don’t have to book weeks in advance).
Yields and long-term financial appreciation
The pandemic had a profound impact on how people viewed their living experience and therefore on the real estate market in general.
Many families found themselves at home far more than usual and decided that space and greenery was higher up on their priority list. This shift saw a greater demand for homes in the country, and a subsequent rise in prices in key areas. Due to this transition, a gap opened up for older cash-rich and debt-free buyers who recognise the innate value of investing in the luxury real estate of Prime Central London. As well as offering up more convenient and luxurious homes, buying in London generates huge potential in terms of rental yields and long-term financial appreciation.
Bountiful Luxury Real Estate
Choosing to move from the country to the city can be a major life decision, but one well worth considering. It will often involve a wide breadth of benefits that can help you create a lifestyle that suits your needs more completely. In the city, it is easier to socialise, learn, connect and explore and you will find yourself surrounded by the very best in terms of restaurants, theatres, museums, galleries, shopping, leisure venues and corporate hubs. With its modern infrastructure, cultural attractions and luxury properties, life in a city like London could be just what the doctor ordered.
