A prestigious new development in North West London is attracting interest from Middle East investors wanting to diversify their property portfolios away from the Middle East, to more mature markets.
The development, 39 College Crescent, a gated scheme of six prestigious houses and the original coach house, situated in the sought-after area of Belsize Park, NW3, is appealing to Middle East buyers and investors looking for a London base or for suitable homes to rent out to the booming London market. Prices start from AED25 million for a four-bedroom house.
London is a global city attracting people from around the world due to its cosmopolitan feel and endless cultural and leisure experiences. Despite global economic uncertainty and political unrest, London offers a stable economy and safe environment with a universal language and mature property market. With an accessible global transport hub, it is also the world’s leading financial centre.
Philip Green from leading London agents Goldschmidt & Howland comments: “London had a phenomenal year in 2013 with the total value of investment reaching pre-global financial crisis levels. This has driven up property prices, which in turn has driven up rental demand. There has been no better time than now for international investors and those seeking a home here to buy in London. At the moment we are experiencing a lot of interest from international buyers, especially from The Middle East.”
’39 College Crescent’ is set in secure surroundings and accessed via electronic gates. Each home has been uniquely designed to include established landscaped gardens, roof terraces, balconies and other outside areas, setting this scheme apart from other central London developments. Designed by multi-award winning architect, Alfred Munkenbeck, the development expertly blends the old and the new, with the innovative architecture of the homes complementing the historic coach house, which has been restored to its original splendour.
A recent survey by CBRE confirms that Middle Eastern buyers are driving the London market. The UK capital recorded the highest ever yearly total seen in Europe for a single city in 2013, to cement its position as the region’s number one investment destination. For new developments, the percentage of foreign buyers shoots up to two in three.
Set to become Belize Park’s most desirable address, 39 College Crescent is ideally located close to a range of excellent schools, shops, parks and transport links, and provides both privacy and high security with a gated entrance and under-ground parking. No expense has been spared in creating the superb design and finish of these stunning homes, which provide a special, luxurious place to live.
Philip continues: “39 College Crescent is appealing to Middle East investors and those seeking a London base due its prime location, superior build, and its gated, secure surroundings – all important factors for international buyers wanting to ‘lock up and leave’ knowing their home is safe. This stunning contemporary development offers exceptional living accommodation, high internal contemporary specification and finishes and a prime location.”
Offering the very best in London living, 39 College Crescent is located amongst some of London’s most exclusive urban villages including Hampstead, Belsize Park, Primrose Hill and St John’s Wood. Each village has its own charm and character with a wide selection of local shops, boutiques, stylish restaurants and cafés as well as some of London’s leading schools. They are all within walking distance as are the first class transport links of both the Jubilee & Metropolitan lines, providing excellent connections into the West End, the City and Canary Wharf.