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Super-rich 'now choosing to rent

Evening Standard

|

November 27, 2023

MULTI-millionaires and billionaires are choosing to rent super-prime homes in London rather than buy, because of high stamp duty, “excessive state scrutiny into finances” and fears of a Labour government, a new report claims today.

- Jonathan Prynn

Super-rich 'now choosing to rent

The Ultra-Prime Barometer Wealth Report from high end agents Beauchamp Estates and analysts Dataloft used data from LONRES and Wealth X.

It shows that in the first half of 2023, the super-rich purchased £340 million worth of property valued above £15 million in London, equating to two billionaire homes sold each month.

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