Eric Schmidt purchases £42 million mansion in London

In recent months, Eric Schmidt, the former chief executive of Google, has made a significant investment in high-end real estate by purchasing a mansion located in Holland Park, London. This acquisition, reported to be close to £42 million, is indicative of a growing trend among American investors in the UK property market, particularly in the capital. The property itself is described as a double-fronted Victorian Italianate mansion situated on one of London’s most exclusive streets. The growing interest in super-prime rentals has prompted Schmidt to consider renting out the property, which has further implications for London's rental market.