Buyers from the United States and Gulf states have accounted for more than half of London’s ultra-prime residential transactions in the first six months of 2026, according to research from Beauchamp Estates.
The agent’s Billionaire Buyers in London survey recorded 34 sales of properties valued above £15 million between January and June 2026, totalling £1.24 billion. This represents an increase from 27 transactions worth £694.1 million during the same period in 2025.
US and Gulf purchasers were responsible for 55% of all prime central London sales above £15 million, acquiring £682 million worth of property during the six-month period.
Transaction breakdown
Of the 34 completed deals, 22 involved properties priced between £15 million and £25 million, seven ranged from £26 million to £50 million, three fell between £51 million and £100 million, and two exceeded £100 million.
The average transaction price reached £36.5 million in the first half of 2026, compared with £25.7 million during the corresponding period in 2025, marking a £10.8 million increase.
Jeremy Gee, Managing Director of Beauchamp Estates, attributed the market activity to the American economy and technology sector performance, alongside capital movement from the Middle East. “The London real estate market has benefited from the booming American economy and AI/tech sector and the ongoing US-Iran-Israel war in the Middle East which has led to a significant flight of capital from the Gulf states into the London real estate market,” Gee said.
Market context
The data emerges as the wider UK property market experiences shifts, with auction volumes rising 35% as landlords offload stock at other price points. The government’s housing policy direction remains a focus for the industry, with stakeholders recently urging the new administration to prioritise housing reform.
Beauchamp Estates reported completing five transactions with American buyers since April 2026, all for properties in central London locations.
The ultra-prime segment’s performance contrasts with broader market conditions, with international capital continuing to target high-value London residential assets despite economic uncertainty in other sectors.
