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The Guardian - UK

World

Rupert Neate Wealth correspondent

Record number of £10m-plus London properties sold as pound falters

London LonRes Belgrave Square Brexit Land Registry

Belgrave Square — London’s Belgrave Square is popular with overseas buyers as it is close to a number of foreign embassies. Photograph: Jeffrey Blackler/Alamy

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.

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