http://www.france24.com/france24Pub...p-news.html?id=070328171957.zvgwg4qa&cat=nullA flat thought to be the most expensive in London has been bought by Qatar's foreign minister for 100 million pounds, according to reports Wednesday.
Sheikh Hamad bin Jassim bin Jabr al-Thani has snapped up the biggest penthouse in a ritzy development overlooking Hyde Park which will not be completed for two years, the Times newspaper said.
The One Hyde Park block is situated opposite top department store Harvey Nichols and features 86 apartments which are reportedly set to sell for more than 4,000 pounds per square foot.
Each flat in the building, designed by architect Richard Rogers, is fitted with bullet-proof walls and windows, plus a private lift.
Sheikh Hamad is a key investor in the project, the Financial Times reported last month.
Property prices in the British capital have been soaring in recent years, with the cost of luxury residences particularly high.
According to estate agent Savills, properties valued over five million pounds are currently enjoying 50 percent price inflation every year.
"London continues to attract wealth from around the world and we see no end to the strong demand for prime property," Harriet Black, of Savills, told The Times.
The previous most expensive apartment in London sold for 27 million pounds in Chelsea, south-west London, in 2005.
What i dont get is how can any flat be worth that much, he is better off buying his private island imo!