$335,000 for London home the

A closet-size space in the exclusive Knightsbridge neighborhood may be only about the size of a ship's galley, said real-estate agent Andrew Scott, who's handling the sale. "But it's permanently anchored to one of the wealthiest neighborhoods in the world."

Ultra-high-end property prices in London are the most expensive in the world, with some recent sales hitting $5,900 per square foot — making the Cadogan Place studio a bargain by comparison, according to research published last year by CB Richard Ellis Group.
Exclusive properties in New York can go for about $5,300 per square foot, while those in Hong Kong sell at around $3,950 per square foot.

Scott said he already had three offers on the property, which might go to auction. Size, he added, is in the "eye of the beholder."

Marlow Harris, www.360Digest.com

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.