London is known for its luxurious properties that come with an extravagant price tag. The real estate in London is one of the most expensive in the world.
With prime locations and exceptional architecture, properties in London are a symbol of prestige and high status. In this article, we’ll take a look at the most expensive property in London.
The Buckingham Palace
The Buckingham Palace is undoubtedly one of the most iconic landmarks of London, and it’s also the most expensive property in London. This grand palace has been the official residence of the British monarch since 1837. The palace has 775 rooms, including 19 state rooms, 52 royal and guest bedrooms, 188 staff bedrooms, 92 offices, and 78 bathrooms.
History
The Buckingham Palace was originally known as Buckingham House and was built for the Duke of Buckingham in 1703. It was later acquired by King George III in 1761 as a private residence for Queen Charlotte. Over time, it went through several renovations and expansions to become what it is today.
Features
Apart from its sheer size and grandeur, the Buckingham Palace boasts some impressive features that make it one of a kind. The palace has a whopping total of 760 windows, which require cleaning every six weeks by professionals who abseil down from the roof! It also houses an extensive art collection that includes paintings by Rembrandt, Rubens, Vermeer, Canaletto and Van Dyck.
The palace also features a beautiful garden spread over an area of around 40 acres. It’s home to more than 350 types of wildflowers, over 200 trees and hosts many events throughout the year.
Value
So how much does this magnificent property cost? Although there’s no precise figure available for its value since it’s not on sale, it’s estimated to be worth around £4.9 billion ($6.7 billion). This makes it the most expensive property in London and one of the most valuable properties in the world.
Conclusion
The Buckingham Palace is undoubtedly a symbol of British royalty and heritage. It’s a property that has stood the test of time and continues to inspire millions of people worldwide. Although it’s not on sale, its value speaks volumes about the opulence and luxury that London has to offer.