Super-Rich Spent Almost £3bn Buying 'Third Or Fourth Trophy' London Homes During Pandemic

 Super-rich buyers spent almost £3bn on luxury properties in London last year that became their “third or fourth” homes and “trophy assets”. Political uncertainty in the US and Hong Kong, as well as a weak pound, were other key factors that enabled the mega-wealthy from both overseas and within the UK to splurge even as hundreds of thousands of Londoners risked being “plunged into poverty” as a result of the coronavirus pandemic. The UK capital sold 201 “super-prime” residential homes – defined as costing more than US$10m (£7.3m) – in 2020, according to recent figures by the estate agent Knight Frank. Read more on the Huffington Post website.

https://www.huffingtonpost.co.uk/entry/super-rich-luxury-london-homes-pandemic_uk_60782f61e4b0e554e81c44ef