London has always attracted the super rich – in the 1970s it was the oil money from the Gulf. In the 1980s it attracted Asian industrialists and financiers and then Russian Oligarchs. Even with a global economic downturn, the city is still benefitting, as BBC’s Aaron Heslehurst has been finding out.
Invite three or four different firms to give their valuations and don’t automatically choose the agent that values at the highest price, says Nicholas Ayre from buying agent, Home Fusion. “If a valuation seems ludicrously high, it probably is,” he says.