Posted on Apr 12, 2021, 4:41 PMUpdated Apr 12, 2021, 4:45 PM
In London, ultra-luxurious properties are very popular. The British capital leads the world ranking of cities where purchases of ultra-luxury properties generated the largest transactions in 2020. Two hundred and one London residences of more than $ 10 million were purchased last year, according to a study by the consulting firm Knight Frank. With an average price of $ 18.6 million, the total of these transactions is $ 3.7 billion.
These figures allow London to pass its traditional rivals, New York and Hong Kong. Two cities which recorded a fall of, respectively, 48% and 27% in the number of transactions to more than 10 million dollars compared to their level of 2019. This number of transactions has, on the contrary, increased by 3% in the British capital.
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