Mail Online UK: London homes need helipads, panic rooms and car galleries if they are going to attract wealthy London buyers
Mon 19 Oct 2015
Wealthy buyers demand increasingly sophisticated homes in the capital A simple roof terrace won't do as theyrequest ones with a helipad instead Squash courts and swimming pools are also on their property wish listsWealthy buyers are demanding highly sophisticated homes in London, new research suggests.
While prices in the capital have soared, so have the type of requests made by rich buyers.
They want far more sophisticated homes that include everything from the latest integrated sound systems tospecially-built panic rooms.
State-of-the-art technology and home cinemas are being requested by wealthy buyers in London
The research by estate agent Marsh & Parsons suggested buyers in the most exclusive areas of London aremaking much bigger demands.
It means they don't simply want a garage. They are now looking for a so-called 'car gallery' that displays theirentire vehicle collections.
And where, once upon a time, a roof terrace was consider the height of extravagance, it now has a new twist - itmust be strong enough to take the weight of a helicopter.
Squash courts in the basement, recording studios, swimming pools and home cinemas also regularly feature onthe wish lists of wealthy buyers, according to Marsh & Parsons.
It explained panic rooms and staff living quarters are increasingly popular.
Some of the more traditional property requirements are now seen as standard in some parts of London. Theseinclude south-facing outdoor space, off-street parking and separate home offices or studios. School catchmentareas are also important.
The property wish lists of the wealthy include swimming pools and squash courts in the basement
A property must also be near good transport links, shops and a park, the findings suggested.
In practice, it means proximity to Hyde Park or Kensington Gardens is closely sought after by buyers inKensington, while in Barnes the duck pond is the centre of many property searches.
A wireless speak system is also consider a must-have, with Sonos systems revealed to be the brand of choice.Temperature-controlled wine cellars and log burners are also popular.
Peter Rollings, chief executive of Marsh & Parsons, said: 'No matter what your budget when looking for a newhome, there are some fundamentals that are ubiquitous.
'Being close to shops, parks and tube stations are the ultimate must-haves, but many London buyers have tocompromise on one or more of these asks, as such optimal locations come with a price-tag to match.