A Taste of Trends

Capital gains: what is driving the demand for high-end homes in London?

Prices in prime central London have in fact held firm throughout the year, with pockets of buoyancy and some record sales: a treble-fronted, 62,000 sq ft white stucco mansion on Rutland Gate, Knightsbridge, owned by the Saudi royal family, was sold to Chinese businessman Cheung Chung-Kiu for a record £210m in January, in a deal brokered by Gary Hersham, founder of Beauchamp Estates. It followed what has been billed as the ‘Boris Bounce’, with the super-rich deciding that 2020 was the year to snap up luxury homes in London. via

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