Warlord Posted November 11, 2020 Share Posted November 11, 2020 Last month, Savills listed the Bowden Park estate for £35 million ($46.4 million). The property includes a 15,900-square-foot, 18th century mansion set amid 22 acres of manicured gardens and 1,400 acres of farmland in Wiltshire, which is about a two-hour drive from central London. In any other year, the property would likely have sat on the market. Read more at: https://www.bloombergquint.com/pursuits/global-rich-are-rushing-to-buy-uk-country-homes-and-historic-estates Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 11, 2020 Share Posted November 11, 2020 Political stability and low property taxes? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted November 11, 2020 Share Posted November 11, 2020 Political stability and low property taxes? And a govt whose central purpose is hpi forever. Quote Link to comment Share on other sites More sharing options...
scottbeard Posted November 12, 2020 Share Posted November 12, 2020 Who wants the bother of a country estate? A country estate is something I'd hate. Quote Link to comment Share on other sites More sharing options...
winkie Posted November 15, 2020 Share Posted November 15, 2020 Quote Link to comment Share on other sites More sharing options...
24gray24 Posted November 15, 2020 Share Posted November 15, 2020 I just don't believe the story that they're buying estates for lockdown, which estate agents are putting out. For one thing they waited till after lockdown to buy. Is there a sniff of revolution in the air (abroad )? Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted November 15, 2020 Share Posted November 15, 2020 I just don't believe the story that they're buying estates for lockdown, which estate agents are putting out. For one thing they waited till after lockdown to buy. Is there a sniff of revolution in the air (abroad )? Why would you want to lockdown in the UK! Plenty of warmer cheaper places? Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted November 15, 2020 Share Posted November 15, 2020 (edited) I just don't believe the story that they're buying estates for lockdown, which estate agents are putting out. For one thing they waited till after lockdown to buy. Is there a sniff of revolution in the air (abroad )? I know some one who is worth a few hundred million $ (tech company) and they are looking outside of the US right now. It's not uncommon from what I hear ( i talk to the US a lot), and I believe what is driving such searches is concern about higher taxes, Dollar devaluation and possible social disorder. To be fair, it is the tax part that is mainly driving it - they might stomach Biden, but if he pops his clogs.... we might get President Harris with Bernie Sanders the point-man on the economy. It will be interesting to see if firms start delisting from the Nasdaq. In terms of property search, the main ones I am hearing are Iceland (close to the US, but cold), UK and NZ. Edited November 15, 2020 by Mikhail Liebenstein Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted November 15, 2020 Share Posted November 15, 2020 (edited) Not what I am seeing - exactly the opposite, actually - was looking for a family member in Sussex (last looked just as Covid struck - 1-3 million to spend)... there were loads of empty houses - some had been stripped - looked like financial distress hitting bankers and businessmen - had never seen anything like it - a huge amount of choice too - one had taken the carpets and every fitting you could detach! Not something you do when you're attempting to sell a country pile! Perhaps not on the level of the types of estates bought by the global rich (but very few of those come to market anyway) - it looks like spin to me. Good old PR, eh. Edited November 15, 2020 by gruffydd Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.