Pent-up Covid Demand Boosts Super-Prime Activity in London
Posted by Knight Frank Newcastle on 20th December 2022 -
The release of pent-up demand following the uncertainty of Brexit and the frustration of Covid travel restrictions has boosted activity in London’s £10 million-plus property market.
There were 152 super-prime sales in the year to October 2022, whole-market data shows. The figure was down slightly on the previous 12 months (159), though it may rise as Land Registry records update.
Either way, the figure was higher than any of the previous five years, as the graph shows. A total of £2.8 billion was spent in the latest 12-month period, which was the most in seven years.
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