From City AM:
The number of Brits buying properties worth over £10m has soared
over the past year and now account for more than half of the market as
the economic recovery gathers pace.
British buyers of super-prime homes have risen from 36 per cent in
2013 to 53 per cent since the start of 2014, today’s figures from
property agency Knight Frank show.
UK and European buyers have become more confident as threats like
the collapse of the Eurozone declined and now represent more than
two-thirds of the market compared with under half last year.
“There are more British buyers in the super-prime bracket than at
any time since the collapse of Lehman Brothers,” Knight Frank’s head of
London residential research Tom Bill, said.
The property firm believes that now that macro-economic risks have
died down, fewer foreign buyers are seeking the “safe-haven” appeal of
London property, with the average annual price of prime central London
property slowing to 7.5 per cent in April and 3.3 per cent for £10m-plus
homes....
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