Property360Digest e-magazine Issue # 7 - 2020
FOCUS
17
All this at a discount in pricing on a |
per-sq-ft |
basis |
compared |
to |
its |
immediate neighbour of Mayfair . In |
today ’ s climate , this value proposition |
appeals |
to |
savvy |
Malaysia-based |
investors .” |
|
|
|
The demand for outdoor space has also seen increased activity in the family house markets , especially in areas like Notting Hill , St Johns Wood , Hampstead and Belgravia . Houses accounted for 66 % of sales over £ 10m between January and August 2020 .
Paddy Dring , Global Head of Prime sales at Knight Frank commented : “ The key motivators of capital preservation , the UK education system and cheap debt are unchanged . The trend for more outdoor space has benefitted suburban and country markets but buyers are retaining a London investment for the long-term . Prices are robust with single-digit percentage discounts but no more .”
• Dominic
Dominic Heaton-Watson
London superprime property sales increased despite pandemic
By Knight Frank