London was one of the cities that remained under strict lockdown for a significant part of last year but it did not diminish the charm of the London property market. Thanks to the stamp duty holiday and COVID-19 induced demand for bigger homes, savvy buyers eyeing London’s prime properties picked up the best of the best.
Wealthy buyers spent more than ever on London’s uber-luxury homes, making 2021 to be a record-breaking year for its ultra-prime housing sector. Buyers have spent a hefty sum of £11.6 billion on luxury properties last year. The highest demand was recorded in A-class neighbourhoods including Chelsea, Hampstead, Notting Hill, and Knightsbridge.