Wealth Insight: How do ‘park premiums’ compare?

What is it? As part of the new Wealth Insight series, Flora Harley compares the ‘park premium’ generated by three of the world’s most famous parks; Hyde Park, Regent’s Park and New York’s Central Park. Central Park and Regent’s Park came out on top for the highest premiums, commanding 29% more for park-facing properties. Hyde Park’s average uplift was somewhat lower but still significant at 18%, perhaps reflecting the availability of garden squares in the immediate vicinity, which can, particularly in Mayfair and Knightsbridge, command some of the highest premiums in central London.