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Tuesday, November 30, 2010

WHAT HOUSING PROBLEM?

"This was a house fit for an oligarch: indeed, it was expressly designed for such. House 6, in Cornwall Crescent, is one of two grand Regent's Park mini-mansions going into what estate agents call the super-prime market: the luxury, £15m-plus, "if you have to ask you can't afford it" central London bracket. Oddly, despite the nation's straitened circumstances, the super-primes are thriving. Indeed, these two houses - number 6 is £39m - number 11 £29m, are part of eight in the Grade I-listed, John Nash-designed, 1811-vintage cream-coloured terrace. They fit the super-rich bill but, as one agent tells me, they might be deemed down-market by an oil baron: "Belgravia's the top destination, not Regent's Park." (Independent, 19 November) RD

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