The super-rich are beginning to take full advantage of their properties located within the hearth of London, maximising their value by building downwards, tearing up the ground and creating mega basements or ‘iceberg homes’ as they are called. Over the last ten years central London has seen an estimated 2000 new basements being dug, much of which are being built to house private cinemas, swimming pools, beauty parlours, squash courts, wine cellars and servants’ quarters. Some take close to three years to complete and once built many just lie dormant as the owner’s rarely visit. Life for the neighbours however has been turning into a hell as construction on some roads never seems to end.
Join The Conversation