News in July that a Mayfair penthouse was sold for £26m, setting a new record for residential property in central London, confirmed that the city remains a valuable market for the elite investor.
The property on South Audley Street sold for £7,000 per square foot and is one of seven apartments in a scheme called 77 Mayfair. All have been sold in recent months in off-plan deals, for a total of £100m
Mayfair has long been seen as a “golden postcode” for the wealthiest London property buyers. The Qatari royal family has snapped up so much prime real estate that the area has been dubbed “Little Doha”. Its portfolio is worth billions of pounds and includes properties such as the Connaught Hotel, residences on Mount Street and a £200m mansion on Park Lane.
Read more about London area and their growth in the most recent CBRE report