11 November 2018

Ultra-Prime Property – A Global View

A combined total of £5.2bn ($6.6bn) was spent in the last year on the ultra-prime housing market globally concludes a recent report released by Knight Frank. According to the research, 153 properties in excess of £20m ($25m) changed hands; Hong Kong topped the league with 47 sales.

London narrowly missed second place, which was taken by New York (39 sales) but it remains one of the top ultra-prime markets in the world with 38 transaction over the year, though it has slipped in stature since 2015 when it topped the rankings. Most of London’s ultra-prime sales were in Mayfair, Knightsbridge & Belgravia.

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