According to a recent reputable survey — Hong Kong’s 50 Richest 2026 list, published in February 2026 — 19 out of the 50 entries have their primary industry listed as real estate. To gauge the temperature of the economy, one need only look at the property index; it is the heartbeat of the city.
As any Hong Kong billionaire knows, when it comes to property, discretion, expertise, and long-term vision are paramount. I had the privilege of sitting next to the team from London Central Portfolio (LCP), namely Naomi Heaton, Founder and Executive Chair, and Liam Monaghan, Director of LCP/Private Office. They are famed for being pioneers and trusted advisors to many high-net-worth individuals in Hong Kong — and beyond — who are seeking sound investments to enhance their global portfolios.
Founded in 1990 by the ever-stylish Naomi Heaton (most property experts I have sat across from tend to look like disgruntled accountants), LCP is one of London’s foremost buying agencies. The firm represents discerning buyers — predominantly high-net-worth individuals from overseas — seeking either prestigious homes or high-performing buy-to-let investments in the capital’s most exclusive postcodes.
What distinguishes LCP is its holistic, client-centric approach. Far more than a transactional service, every property proposed is rigorously underpinned by a sophisticated financial model designed to align with the client’s investment goals, lifestyle needs, and long-term wealth strategy. Or so one is told — and, lord, the power of conviction: one finds everyone nodding in agreement.
The firm’s breadth of service is unmatched in the market. An in-house team of interior designers and architects delivers stylish, bespoke interiors — from subtle enhancements to complete renovations — whether transforming an investment apartment or reimagining a magnificent townhouse. For investors, LCP’s dedicated lettings and property management team secures premium tenants and ensures seamless, worry-free tenancies. Homeowners, meanwhile, benefit from a fully comprehensive concierge service that anticipates every need.
Operating with the mindset of a private family office rather than a conventional agency, LCP accompanies clients throughout the entire lifecycle of property ownership — from acquisition and refurbishment through to ongoing management and eventual sale. This enduring partnership reflects a deep commitment to stewardship, not just transactions.
We discussed all this and more with Monaghan, who has long been one of London’s most respected property experts, with over 15 years’ experience in the market. Known for his sharp insight and deep market knowledge, he is the trusted ‘go-to’ advisor for both homeowners and buy-to-let investors. Over a decade ago, Liam established a highly successful in-house lettings and property management division, which now oversees more than 500 rental properties across Prime Central London (PCL). His expertise has helped countless clients secure the best properties at the optimal price. A sought-after international speaker, Liam regularly travels to the Middle East, Southeast Asia, and the Channel Islands, and is a frequent commentator in national and global media.
In an exclusive interview, we had oh-so-many questions. Monaghan kindly obliged.
It’s a question our readers will want to know right off the bat: what is hot in the UK property market right now?The super-prime market (properties priced at £10 million — approximately HK$105.8 million — and above) remains in high demand as ultra-high-net-worth individuals (UHNWs) seek both lateral living and prestigious townhouses in London’s most exclusive addresses. This segment has been largely unaffected by recent UK interest rate hikes.
These buyers are looking for the “wow factor” for their regular trips to London, whether for work or leisure. New builds were once the classic trophy assets, but UHNW buyers and investors now prefer a piece of history — beautiful heritage properties that are quintessentially British. The main appeal is that you simply cannot create more heritage stock, making these irreplaceable assets highly desirable.
We have also seen a return to apartment living, as buyers want to be right in the heart of London — close to the West End’s fine shops and restaurants, top children’s education, and the financial centre. The UK country house market boomed for three years during the pandemic, but the realities of living outside London are becoming less appealing. That market became significantly over-inflated, and prices are now beginning to soften.
Are Hong Kongers and Chinese buyers investing a lot in London? What trends do you foresee holding strong?On our recent trip to Asia, we observed renewed interest in Prime Central London property from buyers in Hong Kong, Singapore, Bangkok, and China. The super-prime market has seen notable activity from Hong Kong buyers, many of whom are already familiar with London.
For us, autumn is shaping up to be very busy. We have already received enquiries from several buyers wanting us to arrange property viewings during their visits in September. After three years of pent-up demand — now combined with the easing of travel restrictions — we expect the full return of international buyers to accelerate after the summer.
One of the main drivers for our clients in Hong Kong and China is access to world-class education, from prestigious schools to top universities. LCP has strong links with a network of educational establishments in both London and Hong Kong that advise high-net-worth families on navigating the UK education system. Buying London real estate is often part of intergenerational wealth management and long-term wealth preservation.
With stamp duty taxes in the UK generally lower than in Hong Kong or Singapore, London property remains attractive to Chinese and Hong Kong buyers — despite recent interest rate rises.
What recommendations do you have for our readers regarding UK investment and market forecasts? What’s looking interesting?The London property market is notoriously complex, with 32 boroughs each offering distinct characteristics and opportunities. This diversity creates a wide range of investment possibilities — if you know where to look. We strongly recommend engaging a professional buying agent to identify the best opportunities, advise on what and where to buy, and negotiate the largest possible price discounts.In the current economic climate, cash buyers hold a clear advantage. Most of our clients are cash buyers or use only modest levels of debt finance.
Savvy buyers are acting now while prices remain suppressed and transaction volumes are low. Prime Central London (PCL) prices are currently well below their mid-2010s peak (recent data shows declines of around 20–25% from the 2014/2015 high, depending on the source and exact metric). PCL has outperformed Greater London, England, and Wales over the past year in relative terms. With the anticipated return of international investors, these current discounts are unlikely to last.
What are the red flags for potential investors?I have a list:
At this level, properties without exceptional amenities — such as cinema rooms, gyms, pools, spas, high-tech features, and robust security — simply do not appeal to UHNW buyers. Outside space is no longer a top priority; many prefer being a stone’s throw from Selfridges, Harrods, or Scott’s in Mayfair.
You’ve just reminded me of my prized possession from the games box — Monopoly. I always wanted Mayfair, Park Lane, and all the purple squares. Are the traditional “poshest” areas still the same?
Park Lane and Mayfair will always be synonymous with London’s most prime addresses. Knightsbridge remains a playground for the super-rich, home to Harrods and filled with supercars and Michelin-starred restaurants. Marylebone is particularly sought after for its central location, fine architecture, and lateral living in portered blocks — ideal for international investors seeking a “lock-up-and-leave” property. Marylebone High Street is one of central London’s most popular, with boutique designer shops, restaurants, bars, and renowned specialists such as La Fromagerie and The Ginger Pig. It is within easy walking distance of the West End’s theatres and nightlife, offering understated luxury.And St James’s is quintessentially English, adjacent to Buckingham Palace, and home to London’s most desirable members’ clubs and heritage properties.
What are the emerging areas that are considerably levelling up?Bayswater has undergone significant regeneration in recent years, making it an area worth watching for investors. It benefits from excellent transport links and direct proximity to Hyde Park. Developments such as the Six Senses Hotel and Spa at The Whiteley have enhanced the area’s appeal by introducing high-end amenities, bars, restaurants, and spas. What was once a rundown high street dominated by tourist hotels is now transforming into a destination with luxury developments.
Property prices in Bayswater have historically been lower than in neighbouring prime areas (Hyde Park, Notting Hill, and Kensington Gardens), but ongoing regeneration is expected to have a positive long-term impact on values.
And finally, any tips for remote property management? It seems a nightmare to coordinate from afar.A dedicated property manager will prepare your home before arrival — ensuring the pool is heated to your exact preference and the pantry is stocked with your favourite foods. For investors, you need professional support for both lettings and ongoing management. A local representative who can source high-quality, reliable tenants, handle day-to-day operations, full accounting, rent collection, and detailed reporting will save you significant time, stress, and money — delivering a truly hands-off, profitable investment.
As any Hong Kong billionaire knows, when it comes to property, discretion, expertise, and long-term vision are paramount. I had the privilege of sitting next to the team from London Central Portfolio (LCP), namely Naomi Heaton, Founder and Executive Chair, and Liam Monaghan, Director of LCP/Private Office. They are famed for being pioneers and trusted advisors to many high-net-worth individuals in Hong Kong — and beyond — who are seeking sound investments to enhance their global portfolios.
Founded in 1990 by the ever-stylish Naomi Heaton (most property experts I have sat across from tend to look like disgruntled accountants), LCP is one of London’s foremost buying agencies. The firm represents discerning buyers — predominantly high-net-worth individuals from overseas — seeking either prestigious homes or high-performing buy-to-let investments in the capital’s most exclusive postcodes.
What distinguishes LCP is its holistic, client-centric approach. Far more than a transactional service, every property proposed is rigorously underpinned by a sophisticated financial model designed to align with the client’s investment goals, lifestyle needs, and long-term wealth strategy. Or so one is told — and, lord, the power of conviction: one finds everyone nodding in agreement.
The firm’s breadth of service is unmatched in the market. An in-house team of interior designers and architects delivers stylish, bespoke interiors — from subtle enhancements to complete renovations — whether transforming an investment apartment or reimagining a magnificent townhouse. For investors, LCP’s dedicated lettings and property management team secures premium tenants and ensures seamless, worry-free tenancies. Homeowners, meanwhile, benefit from a fully comprehensive concierge service that anticipates every need.
Operating with the mindset of a private family office rather than a conventional agency, LCP accompanies clients throughout the entire lifecycle of property ownership — from acquisition and refurbishment through to ongoing management and eventual sale. This enduring partnership reflects a deep commitment to stewardship, not just transactions.
We discussed all this and more with Monaghan, who has long been one of London’s most respected property experts, with over 15 years’ experience in the market. Known for his sharp insight and deep market knowledge, he is the trusted ‘go-to’ advisor for both homeowners and buy-to-let investors. Over a decade ago, Liam established a highly successful in-house lettings and property management division, which now oversees more than 500 rental properties across Prime Central London (PCL). His expertise has helped countless clients secure the best properties at the optimal price. A sought-after international speaker, Liam regularly travels to the Middle East, Southeast Asia, and the Channel Islands, and is a frequent commentator in national and global media.
In an exclusive interview, we had oh-so-many questions. Monaghan kindly obliged.
It’s a question our readers will want to know right off the bat: what is hot in the UK property market right now?The super-prime market (properties priced at £10 million — approximately HK$105.8 million — and above) remains in high demand as ultra-high-net-worth individuals (UHNWs) seek both lateral living and prestigious townhouses in London’s most exclusive addresses. This segment has been largely unaffected by recent UK interest rate hikes.
These buyers are looking for the “wow factor” for their regular trips to London, whether for work or leisure. New builds were once the classic trophy assets, but UHNW buyers and investors now prefer a piece of history — beautiful heritage properties that are quintessentially British. The main appeal is that you simply cannot create more heritage stock, making these irreplaceable assets highly desirable.
We have also seen a return to apartment living, as buyers want to be right in the heart of London — close to the West End’s fine shops and restaurants, top children’s education, and the financial centre. The UK country house market boomed for three years during the pandemic, but the realities of living outside London are becoming less appealing. That market became significantly over-inflated, and prices are now beginning to soften.
Are Hong Kongers and Chinese buyers investing a lot in London? What trends do you foresee holding strong?On our recent trip to Asia, we observed renewed interest in Prime Central London property from buyers in Hong Kong, Singapore, Bangkok, and China. The super-prime market has seen notable activity from Hong Kong buyers, many of whom are already familiar with London.
For us, autumn is shaping up to be very busy. We have already received enquiries from several buyers wanting us to arrange property viewings during their visits in September. After three years of pent-up demand — now combined with the easing of travel restrictions — we expect the full return of international buyers to accelerate after the summer.
One of the main drivers for our clients in Hong Kong and China is access to world-class education, from prestigious schools to top universities. LCP has strong links with a network of educational establishments in both London and Hong Kong that advise high-net-worth families on navigating the UK education system. Buying London real estate is often part of intergenerational wealth management and long-term wealth preservation.
With stamp duty taxes in the UK generally lower than in Hong Kong or Singapore, London property remains attractive to Chinese and Hong Kong buyers — despite recent interest rate rises.
What recommendations do you have for our readers regarding UK investment and market forecasts? What’s looking interesting?The London property market is notoriously complex, with 32 boroughs each offering distinct characteristics and opportunities. This diversity creates a wide range of investment possibilities — if you know where to look. We strongly recommend engaging a professional buying agent to identify the best opportunities, advise on what and where to buy, and negotiate the largest possible price discounts.In the current economic climate, cash buyers hold a clear advantage. Most of our clients are cash buyers or use only modest levels of debt finance.
Savvy buyers are acting now while prices remain suppressed and transaction volumes are low. Prime Central London (PCL) prices are currently well below their mid-2010s peak (recent data shows declines of around 20–25% from the 2014/2015 high, depending on the source and exact metric). PCL has outperformed Greater London, England, and Wales over the past year in relative terms. With the anticipated return of international investors, these current discounts are unlikely to last.
What are the red flags for potential investors?I have a list:
- Poor location — a property in a less desirable area, with limited access to amenities, poor infrastructure, proximity to a busy road, or far from the Tube, will struggle to attract quality tenants or deliver strong capital appreciation. London investment generally prioritises capital growth over rental yields.
- Challenges in the rental market. International investors face several compliance requirements when letting properties, including standards for good-quality housing. These can usually be managed through thoughtful refurbishment and professional ongoing management.
- Tenant selection is critical — rigorous checks are essential, as poor tenants can result in significant financial losses. This is why LCP offers a complete range of services, from acquisition through to full management.
At this level, properties without exceptional amenities — such as cinema rooms, gyms, pools, spas, high-tech features, and robust security — simply do not appeal to UHNW buyers. Outside space is no longer a top priority; many prefer being a stone’s throw from Selfridges, Harrods, or Scott’s in Mayfair.
You’ve just reminded me of my prized possession from the games box — Monopoly. I always wanted Mayfair, Park Lane, and all the purple squares. Are the traditional “poshest” areas still the same?
Park Lane and Mayfair will always be synonymous with London’s most prime addresses. Knightsbridge remains a playground for the super-rich, home to Harrods and filled with supercars and Michelin-starred restaurants. Marylebone is particularly sought after for its central location, fine architecture, and lateral living in portered blocks — ideal for international investors seeking a “lock-up-and-leave” property. Marylebone High Street is one of central London’s most popular, with boutique designer shops, restaurants, bars, and renowned specialists such as La Fromagerie and The Ginger Pig. It is within easy walking distance of the West End’s theatres and nightlife, offering understated luxury.And St James’s is quintessentially English, adjacent to Buckingham Palace, and home to London’s most desirable members’ clubs and heritage properties.
What are the emerging areas that are considerably levelling up?Bayswater has undergone significant regeneration in recent years, making it an area worth watching for investors. It benefits from excellent transport links and direct proximity to Hyde Park. Developments such as the Six Senses Hotel and Spa at The Whiteley have enhanced the area’s appeal by introducing high-end amenities, bars, restaurants, and spas. What was once a rundown high street dominated by tourist hotels is now transforming into a destination with luxury developments.
Property prices in Bayswater have historically been lower than in neighbouring prime areas (Hyde Park, Notting Hill, and Kensington Gardens), but ongoing regeneration is expected to have a positive long-term impact on values.
And finally, any tips for remote property management? It seems a nightmare to coordinate from afar.A dedicated property manager will prepare your home before arrival — ensuring the pool is heated to your exact preference and the pantry is stocked with your favourite foods. For investors, you need professional support for both lettings and ongoing management. A local representative who can source high-quality, reliable tenants, handle day-to-day operations, full accounting, rent collection, and detailed reporting will save you significant time, stress, and money — delivering a truly hands-off, profitable investment.
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