Sales of £5 million-plus London mansions hit record high as super-rich splash the cash

Princes Gate, Kensington

(Picture: Rightmove)

A record number of mansions were sold in London in 2022, in signs the capital’s super-rich are shrugging off an economic downturn to get their hands on luxury property with a seven-figure price tag.

Over 600 homes over the value of £5 million were sold in the capital last year, the highest level property business Savills has seen since records began in 2006.