After the Pandemic: London's super-prime market rebounds as country house demand cools

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The number of sales above £10mn in the capital has hit an eight-year high, writes Tom Bill, although political risks remain.

Written by

Tom Bill

Head of UK Residential Research at Knight Frank

Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.

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Almost twice as many homes have sold for more than £10mn in Mayfair this year than in 2022.
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Various factors have led to an unusual disparity between PCL values and those of major financial hubs around the world, writes Ollie Marshall; it's no surprise that overseas buyers are making their move..
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Prime Central London property prices fell 0.9% in the year to July, according to Knight Frank's last index - which was the largest drop since April 2021. Prime Outer London saw a 0