When you can’t build up there’s only one solution – build down. At least that’s the theory in some of London’s wealthiest neighborhoods. The UK capital is in the midst of a luxury basement boom, with ...

It’s the latest trend for maximising space in fabulously located properties – going underground. Extending outwards or upwards might not be impossible, but burrowing down to carve out a basement floor ...

Even people who don't like basements are likely to be bowled over by the one beneath the house at 801 Legends Glen Court. With banks of windows on its "walkout" end that bring in lots of natural light ...

It wasn't long ago when a basement was where you did your laundry. Or where you lifted weights. Maybe there was a pool table down there, but it was mostly used as a place to keep holiday decorations, ...

Londoners have long resented neighbors digging down to create movie theaters and gyms. Now, 40 people in a tony area have been evacuated from their homes after a building collapse. European Editor at ...

If not building new, a wet bar can prove difficult. The largest cost associated with a wet bar is the plumbing and without space in the basement already dedicated to it, costs increase. But because ...

Developers are taking luxury homes in an unexpected direction: Underground. Rochelle Maize, a Los Angeles luxury real estate agent, said she's seeing more and more "extravagant basements" or lower ...

We’ll send you a myFT Daily Digest email rounding up the latest Business blog news every morning. The decision by Kensington & Chelsea council to charge a one-off fee of £825,000 to a hedge fund ...

In 2008 there were estimated to be 8.6 million “high net worth individuals” – people with $1m (£761,000) or more of investable assets – in the world, but by 2016 this had increased by 92 per cent to ...

One multi-million-dollar London townhouse wasn’t enough, so they bought the multi-million-dollar London townhouse next door to knock them together. Still, that wasn’t enough. So they called in ...