Major Donor Buys London Apartment for £42M
Update: 2025-11-28
Description
Bassim Haidar, a Lebanese-Nigerian telecom entrepreneur, purchases a £42 million London apartment, previously owned by a bankrupt Hong Kong tycoons wife. Haidar, a Reform UK donor, views this as a long-term investment, despite the propertys 30% discount from its previous sale price. The deal highlights Londons high-end property market decline, with average prices now 20% below 2015 highs. However, the Chancellors Budget has started to unblock stalled high-end home sales.
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