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Return of super-rich to central London fuels house price surge
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The return of the international super-rich to London amid the easing of coronavirus pandemic restrictions has fuelled the highest annual growth in property prices in the capital’s most expensive district since 2015.
Average home prices in “prime central London” – which stretches from Chelsea to Camden and Notting Hill to Westminster – have risen by almost 7% since the start of the year, according to research by the estate agent Knight Frank.
It said prices had risen consecutively each month for the past six months “something last achieved before the Brexit referendum in 2016”.
Tom Bill, Knight Frank’s head of UK research, said the jump in demand for luxury London housing was mostly being driven by the return of rich overseas buyers as
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