Billionaires swerve London’s prime property and head to Dubai – The Negotiator
Super wealthy buyers are spending less and buying smaller properties in prime London, according to luxury specialists Beauchamp Estates. Competition from Dubai, concerns about a Labour government and taxation worries, have combined to hit the ultra-prime market, a survey by Beauchamp reveals. Sales in central London are down in the first half of this year compared to 2023. Billionaires survey The annual Billionaire Buyers in London survey by Beauchamp looked at sales of luxury residential properties valued over £15 million, analysing deals data from LonRes and the agency’s own in-house information, as well as local…
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