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Evening Standard
Evening Standard
Business
Jonathan Prynn

Wealthy foreigners target new builds in luxury London home buying spree

London Luxury China Gulf Mayfair United States

The number of central London homes sold to super-wealthy buyers at above the £15 million mark rose 10% to 54 last year, new figures show today. 

The growth was driven by purchases by buyers from the Gulf, the USA and China. The sales were worth £1.3 billion in total, up from just over £1 billion in 2022 and £553 million in 2020. 

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