Super times for super-rich

By Candice Krieger, August 19, 2010

Veteran estate agent Trevor Abrahmsohn could be forgiven for rubbing his hands together with excitement. The founder of Glentree Estates, Mr Abrahmsohn is known for selling some of the nation's most expensive "trophy" homes and, with One Hyde Park, a penthouse in one of London's most opulent developments, selling for a record-breaking £140 million, the market for "trophy homes" appears to be bucking the wider property slump. Mr Abrahmsohn, one of the subagents for One Hyde Park, says super-rich buyers have returned to the London market in droves over the past six months, sending "trophy" home prices to new highs. He says: "In the last six months we have sold more trophy properties than in the last two years." Agents have reported a recent surge of inquiries from the Middle East and Nigeria.

Last updated: 11:16am, August 19 2010