The rich is the most careless class of people on the
planet! Yes, they are indeed least interested in taking care of their
belongings and keeping them in good quality; they have enough number of
servants and caretakers in their house to take care of these small and minor
things. So they often tend to invest their money in buying property on some of
the poshest streets in famous cities and then forget about them. We have
multiple evidences of great, large and billionaire properties all over the
world that lie empty and are not taken care of. The houses are literally
falling down in shambles and have no one to look after.
One of the well-known streets in the northwest part of
London, near Hampstead area, a large number of huge mansions lie in a complete
mess and have also become filthy. Considered as the most expensive streets in
the world, the Bishops Avenue has several unattended homes, large mansions and
properties that belong to billionaires and were not adequately taken care of!
Due to remaining vacant for decades, these pretty houses are falling in
shambles which could also affect the neighboring houses in the area. The rate
of these billionaire properties, however instead of going low, has gone up
immensely.
Out of the total 66 houses that are vacant and belong to
billionaires across the globe, almost a six of them are failing in bits and
pieces while some are also going beyond repairs.
11. Bishop of London
Owned the Land
This beautiful house that once belonged to the Church of
England is now a house for a 75-year old billionaire named Hourieh Peramaa.
Bishops Wood surrounds this beautiful area and was primarily owned by the
Bishop of London in 704. However in 1894 the house had been sold off to the
Church of England and, since then, it has changed several hands. The house is
named the Royal Mansion which is still pretty and elegant. The billionaire
Hourieh Peramaa is currently planning for renovations worth $50 million.
10. 16 empty mansions
out of 66
Although most of us are not aware of this, but leaving a
property empty for years, especially large estates of this kind, could actually
be beneficial for billionaires. If an owner leaves such large properties empty
for years, he actually gets certain tax concessions on them. In the UK,
properties that are left unattended for more than two years qualify for reduced
renovation costs. And the cherry on the cake is if the structure if leveled and
newly built, there is no absolutely VAT rate on building costs.
9. Property Values
Increase 11%
An anonymous owner of the property at the Bishops Avenue
lately inferred that most owners (about 90%) on the avenue do not live in their
massive mansions, although the structures are accurately maintained. Since the
street is crowded and noisy with traffic constantly flowing in, it is a
terrible place to stay. However, real estate agents feel that once new luxury
apartments are built on the avenue, it will attract a new class of buyers and
wealth would flow in. it is also projected that this northwest part of London
would be amongst the richest areas in a couple of decades.
8. Current Market
Price- $109.1 Million
Although most of the massive mansions on the avenue have
gone beyond repairs, the prices of these houses keep soaring continuously. What
was once a Millionaire’s Row is now called the Billionaire’s row since the
prices of the properties have increased so high that an average millionaire
cannot afford them. The average listing price for the mansions on the avenue is
listed around $109.1 million, which is quite pricey. Moreover, the prices are
projected to increase further in the future.
7. 10 Owned by House of
Saud
We know billionaires simply buy homes and large mansions
as investments and have at least 10 of this kind in their name. Of course, it
is not possible to stay in all of these houses due to which most of the houses
are left unattended to rot and decay. In this amazing mansion that is clearly
falling apart, it is quite surprising and interesting that the crystal
chandelier is still hanging from the roof where the entire roof has fallen and
the damp walls are rotting. The only elements or good remains that exist in
this massive mansion currently is the chandelier and the swag curtains. Decades
ago, this mansion was a well-appointed room.
Comments
Post a Comment