Very few agents can go toe to toe with Beauchamp Estates on sheer net-worth-per-client.
Gary Hersham’s Knightsbridge-based firm has many of the world’s richest individuals on speed dial and is therefore in a pretty good position to be able to comment on what the global elite are doing with their cash at the moment.
Well that’s exactly what they’ve done in an engaging overview of the top end of the property market in London (and some other seriously swanky European locations). Drawing attention to the interesting parallels between global wealth trends and the performance of London’s prime property market, the overriding trend across the domestic and overseas markets is that wealthy Russian buyers dominate, followed by those from the Middle East.
We’ll get into the nitty gritty in a minute, but for now, here’s the key points: