London's most expensive new-built home was sold for 50 million pounds last month to Hourieh Peramaa, a 75-year-old real estate entrepreneur from Kazakhstan, the Sunday Times reported on Jan. 27.
The house on Bishops Avenue in Hampstead, northwest London, has nine main bedrooms, 16 bathrooms and five reception rooms and was acquired from Turkish businessman Halis Toprak. Peramaa plans to spend another 30 million pounds extending and redecorating the property, the newspaper said.
