A mysterious American tech billionaire reportedly purchased London's "White House," a 40-bedroom palace, for $172.83 million, nearly half the $314 million asking price. Owned by the family of Saudi prince Khalid bin Sultan al-Saud, the estate sits on over 4 acres in Regent's Park. This transaction is the second-most expensive in UK history. The shift in buyers, notably Americans, reflects a growing trend amid a resilient housing market, resulting from favorable currency exchange rates and lower home prices, making it an attractive real estate investment.
London has captured the interest of Americans looking for a blend of Old World charm and modern luxury – think 'Downton Abbey' meets Wall Street.
The resilient housing market is a smart move for anyone who wants to diversify their portfolio.
We have had a lot of traction in prime properties in London; the clients finally feel we can secure them good deals.
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