Record number of £10m-plus London properties sold as pound falters
25 July 2022
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The collapse in the value of the pound has led the global super-rich to buy up 61 luxury London properties each worth more than £10m in the first six months of 2022 – the highest number in a decade.
The total value of £10m-plus homes changing hands so far this year has topped £1bn as international buyers continue to be attracted to London despite Brexit.
The Guardian understands that the sales include a 12-bedroom mansion on Belgrave Square that sold for more than £90m. The sale has not yet been recorded by the Land Registry, but both the selling and buying agents have confirmed that the transaction took place last month.