London’s ‘super-prime’ property market back to pre-Brexit levels
11 May 2023
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More than 160 properties worth £10m or more were sold in London over the past year – the most since 2016 when Brexit spooked the global super-rich from investing in the UK’s “super-prime” market.
A total of 161 such sales – or three a week – were made in the capital in the year to March, according to analysis of Land Registry data by the estate agent Knight Frank and the data provider LonRes.
The combined sum spent on the £10m-plus properties came in at £3.1bn, which works out to an average of just more than £19m a sale, and was up from the £2.5bn total spent on 144 properties in the previous year.