I do like a good stroll along the Thames – it re-asserts my London-ness as well as providing a completely different landscape to the heady hills of Hampstead.

Last week, on one of these strolls, I noticed that one of boats of the Embankment pier – the only permanently moored yacht, no less – was being spruced up both inside and out.

At the entrance I encountered a charming gentleman by the name of Prince Sidi Mohammed Muzzafar Khan who recently purchased the yacht.

Despite the global economic collapse, a luxury terrace house in Belgravia has gone on sale for a record £100 million ($150 million).

The six-story property in Belgravia, central London, has 20-foot ceilings, luxurious fixtures and more than 21,000 square feet of living space.

Along with Candy Spelling’s mansion, this white-stucco-fronted house at No. 10 Belgrave Square, owned by Lebanese developer Musa Salem, is now the most expensive home on the market in the world.

Michael Jackson is reported to have paid £1 million to rent a large country house near the edge of an ancient 22-mile maze of haunted passageways.

The undisclosed home is thought to be close to the Chislehurst Caves in Bromley, in the south-east suburbs of London.

The three-storey pile – built in the 1800s – has quarters for 20 staff as well as an underground cinema, music room, indoor swimming pool, lake and private wood.

In order to celebrating the new Gucci’s flagship boutique, newly designed on Londons Sloane street, the company created a funny handbag.

Gucci’s creative director Frida Giannini designed the Gucci bag featuring a Union Jack with a new funkier make-over.

London has been pushed off its top spot by Monaco as the most expensive place to buy residential property, with the UK capital and surrounding counties suffering some of the biggest price falls in the world.

Monaco, where prime property is being sold for €50,000 ($68,000) per sq m (your average 1,500 square foot apartment would theoretically run you $10 million), is now followed by London, at €28,000 per sq m, then Manhattan, at €16,500 per sq m.

The Wealth Report, compiled by Citi Private Bank and Knight Frank shows that property values fell 17 percent in London and 25 percent in Hong Kong.

Source: Financial Times

Harrison Varma have created “The Mansion”, a luxurious home, located near the Kenwood House in the Hampstead area of London.

This magnificent modern mansion located in Courtenay Avenue has been built to the highest specification with over 16,300 sq. feet of accommodation comprising of 8 bedroom suites, 6 reception rooms, cinema, indoor pool, gym and leisure facilities, staff apartment, 8 person lift as well as secure underground parking for 6 cars.

The property is currently for sale with Savills for £35,000,000 ($49,000,000).

Source: Adelto