Wednesday, June 24, 2015

BBC Documentary 2015 | Millionaire Basement Wars

The super-rich are maximizing property value in the heart of London as never before. But they're digging down, creating mega-basements or 'iceberg homes' - nicknamed because there's more square footage under the ground than above. Over the last ten years an estimated 2000 new basements have been dug in central London.

Into these multi-level subterranean structures owners are building anything from cinemas, swimming pools, beauty parlors, squash courts, wine cellars and servant's quarters. Some take as long as three years to complete. As well as the noise of digging, fleets of concrete mixers and lorries taking away the dug soil service the sites, so life for neighbors in some of London's poshest addresses has been hell.