Britain’s most expensive block of flats is virtually empty

buy to leave
One Hyde Park: 'a kind of tradeable currency for the international super-rich'. Photograph: Graham Turner for the Guardian

One Hyde Park: ‘a kind of tradeable currency for the international super-rich’. Photograph: Graham Turner for the Guardian

One Hyde Park claims to be the most exclusive address in the world, but freedom of information requests have shown that only 19 of its 86 flats are actually occupied.  Empty Homes chief Executive David Ireland discussing the issue in the Guardian said  “These flats are being used as a kind of tradeable currency for the international super-rich. On one level, it’s flattering that London is valued so highly by overseas buyers, but I fear the cost is felt by ordinary Londoners as these prices feed down the housing market,” he said. “These flats will have counted towards the statistics, but are about as relevant to housing need as uneaten caviar and truffles are to the starving.”

One Response to “Britain’s most expensive block of flats is virtually empty”

  1. Nick Long Says:

    This is very interesting. Only 22% of these luxury flats are occupied. However it will be very difficult for Westminster’s empty property officer to take enforcement action as it has to be shown that the flats are giving rise to a nusinance and other local residents support enforcement action -both would be very difficult.

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