New trend in lateral living.
Just when we thought the only way was up and town houses were hip, a report in the London Evening Standard this week has uncovered a new trend in lateral living. Top developers Candy and Candy have found that apartments with no stairs can command significantly higher prices. This new development in Chesham Place in London’s elite Belgravia district has expanded sideways, instead of the usual upwards and is achieving some 30-40% higher prices than their vertical neighbours. Candy and Candy service the super-rich residential market and have been breaking new ground in many areas including using ex SAS consultants to advise on security arrangements. Property agents Knight Frank confirmed the trend, “Lateral conversions on the Knightsbridge squares are in very limited numbers. I could sell 10 times more than I have to offer.”