Buying a bolthole in your favourite city is an excellent idea. Not only are city pads a breeze to run compared to their bucolic counterparts, but they're much cheaper; you could start with two for the price of a farmhouse with a pool in prime Tuscany and slowly build up a portfolio. 'It's the ultimate indulgence, but you're also spreading risk over multiple currencies,' explains Alasdair Pritchard of Knight Frank.
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It is impossible not to get swept up in the vibrancy of the Big Apple-it has the best of everything and 'am emergy that can't be imitated,' says Anne Prosser of Halstead Property. Traditionally, the most prestigious addresses were on Manhattan's Upper East Side, where a one-bedroom flat costs from about $400,000 (£325,000). Now, however, the West Village is the place to be, with designer boutiques and enormous brownstones. 'Movie stars are your neighbours and new restaurants open all the time,' says Miss Prosser. Here, Richard Meier's $29.95 million (£24.35 million) glass-sided duplex penthouse on Charles Street, overlooking the Hudson, has a gym, sauna, infinity pool, cinema and wine store (00 212 381 3348; www.halstead.com)
Saturday, April 01, 2017