Rich bankers and lawyers from the capital are using big bonuses to buy Downton Abbey-type mansions
Sales of “super-prime country houses” have hit a 15-year high as rich London bankers and lawyers are usingA total of 168 homes outside London were sold for more than £5m in the year to the end of October, according to research by the estate agent Knight Frank – the most since just before the global financial crisis struck in 2007.
“The upper end of the market has shifted away from overseas buyers since the pandemic, in favour of domestic consumption, although buyers from the Middle East and Asia are now returning,” Cole said. “Buyers from London are typically looking for space and greenery but with connectivity to the capital.”
The estate agent Savills said it had also seen a big jump in expensive country house sales, with the number selling for more than £2m increasing by 5.5% on 2021, and by 21% over the past two years.
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