London Trophy-Home Sales Doubled in 2021

The number of trophy homes that changed hands across central London last year nearly doubled from 2020, amid a boom in wealth and extremely favourable mortgages.

There were 32 sales of homes priced over £15 million (US$20.3 million) in the city during 2021, an 88% jump from the 17 that traded in 2020

Those 32 sales had a collective value of £773 million, leaving the average deal worth more than £24 million.

In particular, buyers were seeking mansions and townhouses spanning more than 10,000 square feet and with gardens, or penthouses with private terraces with a footprint of more than 6,000 square feet.

A selection of the top deals in 2021:

The OWO – £11,000 per square foot
One Hyde Park, Knightsbridge £111m
Corinthia Hotel Private Residences asking £39.5m
Hill Street, Mayfair – asking £35m
Eaton Square, Belgravia – asking £23m

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