Real Estate
Priciest UK Mansion Languishes on Market After Qatar Rejection
- Gulf state was mulling purchase of London home for new embassy
- Luxury property market in the capital city is in a slump
Qatar sent an engineer to view London’s most expensive home late last year, in hopes that 2-8a Rutland Gate, a mansion overlooking Hyde Park, could be its new embassy one day.
The Gulf state had been considering the purchase for months but lost interest after its inspection revealed the Knightsbridge property required a full refurbishment that would take almost half a decade to complete, according to people familiar with the matter.
