U.S. Super Rich Are Descending on London’s Luxury Housing Market
- Ken Griffin bought a London mansion for 90 million pounds
- Americans only second to Chinese on list of overseas buyers
Photographer: elxeneize via Getty Images
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Hedge fund billionaire Ken Griffin isn’t the only American who thinks now is a great time to buy a London mansion.
The proportion of homes in London’s best districts sold to Americans has almost doubled so far this year compared to 2018, reaching its highest level in at least a decade, according to research by Knight Frank. American buyers are second only to those from China on the list of biggest overseas purchasers of real estate in the city’s prime postcodes, the broker’s data show.