The collapse in the value of the pound has led the global super-rich to buy up 61 luxury London properties each valued at 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 sales include a 12-bedroom mansion on Belgrave Square, SW1, which sold for more than £90m.
Other ultra-luxury homes sold so far this year, according to Land Registry filings analysed by property service LonRes, include a mansion on the Boltons in Chelsea that sold for £42m, a King’s Road pad for £40m and Mayfair home near Hyde Park for £40m.
The drop in the value of the pound, which has fallen by 11% since the start of the year to $1.20, has attracted overseas buyers looking for “a deal”.
