Inside the London flat with an indoor golfing area that costs over £1 million to rent a year

The world's richest people may own some of the most decadent places in the most sought after locations in the world, but that doesn't stop them renting too.

In fact, this is becoming more prevalent as the increased scrutiny from the Panama Papers leak, is encouraging many potential buyers of London properties worth over £10 million ($14 million) to rent instead.

One of the latest luxury properties to hit London's rental market for the ultra-rich is a 4-bedroom apartment at One Hyde Park, opposite the park of the same name, which costs an incredible £1.17 million to rent a year.

It's also available to rent on a short term basis for £22,500 per week or £90,000 per month.

But despite having some insanely luxurious amenities - such as a private cinema, pool, spa, and golfing area - it's not the most expensive flat from the One Hyde Park development to hit the market. Last year, the letting agent Tunstall Property, managed to rent out another flat for £45,000 per week.

Business Insider took at a look at the latest property: