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The UK's most expensive flat for sale, with a guide price of £4,950,000 is in London's Knightsbridge

UK's most expensive flat for sale is in Knightsbridge

By Maurice Shasha  //  Mon 9th April 2018
The UK's most expensive flat currently up for sale is in Knightsbridge, while according to Zoopla, 22% of flats priced at £1 million or more are in the Royal borough of Kensington and Chelsea.
The most expensive flat for sale in the UK is listed as being in Knightsbridge, with a guide price of £4,950,000.

According to new research, unsurprisingly the most highly-priced one-bedroom flats in the UK can all be found in the capital.

Studio apartments and one-bedroom flats have become increasingly popular with London buyers especially. Many are choosing location and convenience over square footage.

Property listings on Zoopla reveals that 22% of flats priced at £1 million or more are in the Royal borough of Kensington and Chelsea.

These flats typically come with a wide range of benefits, including 24-hour concierge, but the key benefit appears to be location.

However, the London property market has slowed in recent years. Though overseas investors remain ready to invest in central London's prime market, the ongoing negotiations surrounding Brexit are not helping the movement of property sales.

These type of smaller, more compact apartments and flats in a unique central London location are more likely to be snapped up by business people who want to maintain a base in the area.

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Property Wire

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