London basement conversions fall as wealthy head to the country

News Team, 09/02/2021

The number of applications to convert basements in London has fallen as the wealthy leave for the countryside.

Research from private wealth law firm Boodle Hatfield found the construction of mega-basement conversions in central London has dropped by almost 40 percent during the pandemic.

The number of applications to convert basements in Westminster fell from 99 to just 61 in the year to October. This is more than a 70 percent drop since 2015.

Boodle Hatfie...

Continue reading this article...

Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.

You are currently not logged in,
login to view the full article
start by clicking this button.

Need a subscription,
fill out the form here or
contact subs@eprivateclient.com

About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM


eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more