Super-rich exit, but London's still on the money for culture

Once completed later this summer, the Lucan, a block of 31 flats in Chelsea, will be one of London’s most opulent addresses - and its penthouse, priced at £19.5m, will be the jewel in the crown. It is more than 3,200 sq ft and its buyer will benefit from “exclusive experiences such as private dining and personal shopping”.

- Emma Haslett

A decade ago, a “good property in a good location” would take “a matter of weeks” to sell, said Stuart Bailey, head of super-prime London sales at Knight Frank. But the Lucan’s penthouse has been waiting for a buyer for a year.