The super-rich of America scrape homes in the most exclusive areas of London because they take advantage of the collapsing value of the pound against the dollar.
US buyers enjoy property prices that are nearly 50 percent cheaper in dollars than four years ago, research shows.
Earlier this year, US billionaire Ken Griffin bought 3 Carlton Gardens for £ 95 million, despite the fact that the house was on the market for £ 125 million two years ago.
US buyers spent an average of £ 7.3 million ($ 9.2 million) on buying such prime locations, compared to an average of £ 5 million in the last ten years.
In fact, the proportion of London homes sold to Americans in the most desirable districts of the city this year has almost doubled compared to 2018.
Data from real estate agent Knight Frank shows that buyers in the US are the only ones who are only Chinese when it comes to foreign buyers of real estate in exclusive zip codes.
Ken Griffin, who arranged a controversial divorce in 2015 with his second wife, Anne Dias Griffin (pictured with Griffin in 2013)
The London hotel, Carlton Gardens in St. James, is the newest in a series of homes purchased by father of three Griffin, 50, worth £ 6.8 billion
The favorite area of Americans in London is Marylebone, south of Regent & # 39; s Park, followed by Mayfair, Chelsea, Islington and finally Belgravia
The spectacular gardens in the £ 95 million enclave. The property is just a few steps from Buckingham Palace
It shows that Americans' favorite London is Marylebone, south of Regent & # 39; s Park, followed by Mayfair, Chelsea, Islington and finally Belgravia.
In January, a billionaire bachelor paid nearly £ 100 million for a luxury home a stone's throw from Buckingham Palace.
Ken Griffin, founder of Citadel, the Chicago-based hedge fund, has arrested the property in one of the country's most exclusive enclaves for a record £ 95 million.
Number 3 Carlton Gardens in St James & # 39; s, is one of the many great father-of-three Griffin homes, 50, worth £ 6.8 billion.
It is thought that Griffin even got the house from the 1920s on the Grade II list, with a £ 30 million discount, because it brought £ 125 million on the market in the last two years.
The house was sold by the luxury property developer Mike Spink, who bought it in 2012 for £ 65.5 million.
The hedge fund tycoon, runs Citadel, a Chicago-based hedge fund that handles more than $ 27 billion in assets, jumped from one of the most prestigious buildings in London at Carlton Gardens (photo)
Ken Griffin, the founder and CEO of Citadel, a Chicago-based hedge fund, has picked up the swish property and is full of beautiful gardens (photo)
CIT, the developers behind Regent & # 39; s Crescent (photo), a new building overlooking Regent & # 39; s Park, said it had experienced first-hand the rising demand from American buyers
Griffin later added a £ 100 million flat to the Peninsula Hotel, which will be ready in 2012, to his real estate portfolio.
CIT, the developers behind Regent & # 39; s Crescent, a new building overlooking Regent & # 39; s Park, said it had experienced first-hand the rising demand from American buyers.
Upon completion in the second quarter of 2020, Regent & # 39; s Crescent will offer 67 Grade I-listed apartments and nine Garden Villas, with prices starting at £ 2.9 million.
Head of Sales at CIT, Chris Richmond, said: & # 39; Regent & # 39; s Crescent is a remarkable arrangement that we are proud to work on.
& # 39; We have experienced high interest rates from the North American market. Buyers are attracted by the traditional Regency grandeur of the building, the proximity to Regent & # 39; s Park and the unique, newly established offer, which means that around 30 percent of the units sold so far have gone to American buyers.
The entrance to Carlton Gardens in St James & # 39; s, the last in a series of homes purchased by father-of-three Griffin, 50, which is worth £ 6.8 billion
Despite the fall in the pound, Knight Frank believes that it is London business references, as opposed to reduced prices that fuel American buyers.
Liam Bailey, global research leader at Knight Frank, said: & # 39; US buyers have been long-term players in the main London residential market.
& # 39; Although the weak pound has undoubtedly contributed to the recent increase in demand from dollar-based buyers, the real driver has been the power of the London economy in the past two years.
& # 39; Brexit has not only had no impact, but during this period London has taken the dominant share in US business investment in Europe – which has led to a significant increase in demand for first-class real estate by US employees, relocating entrepreneurs and business owners – especially from the technical sector. & # 39;
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