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London takes global top spot for luxury home sales

Coronavirus restrictions have not dented demand for super-prime properties in the UK capital

The super-rich bought more homes in London than any other city in the world last year, according to new figures from estate agent Knight Frank, with buyers lured by the weak pound and the end of the UK’s Brexit saga.

Buyers from around the world spent almost $4bn on so-called super-prime properties in the UK capital, which are classified as anything with a price tag of $10m or more. 

That is more than the total spent on super-prime homes in any other city last year, with London leapfrogging Hong Kong and New York, according to Knight Frank. 

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