Real Estate

Brexit discounts boost UK’s super-prime house market

UK mansions in demand as price slump alerts bargain hunters

Ultra-wealthy tycoons have triggered a boom in sales of UK mansions, taking advantage of softening property prices in the wake of uncertainty over Brexit.

Figures gathered by property lender Octane Capital show a surge in so-called ‘super-prime’ purchases, defined by some experts as properties costing in excess of £10m, as the seriously rich, many from overseas, snap up bargains and take advantage of the weak pound.

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