The £24.95 million residence in Cadogan Square
(Picture: Beauchamp Estates)A surge of “mansion bargain hunting” by wealthy US buyers sent sales of London homes worth more than £15 million spiralling to their highest level since before the pandemic last year.
The strength of the dollar through much of the year and the sudden slump in the value of pound to an all-time low after the September mini-Budget drew buyers able to snap up trophy properties in the capital at an effective 30 per cent discount.
