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Wealthy foreigners buy more London homes
Evening Standard
|January 02, 2024
THE number of central London homes sold to super-wealthy buyers at above the £15 million mark rose 10% to 54 last year, new figures show today.
The growth was driven by purchases by buyers from the Gulf, the USA and China. The sales were worth £1.3 billion in total, up from just over £1 billion in 2022 and £553 million in 2020.
Agents Beauchamp Estates, which compiled the figures, expect a similar trend in 2024.
They also said they have seen a shift in demand away from traditional London mansions towards new build apartments because of security and privacy concerns and a desire for state of the art luxury amenities.
This story is from the January 02, 2024 edition of Evening Standard.
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