BriefTea
Every story in sixty words
Get the free app no ads · no paywallExplained in plain English
Buyers of prime London property often use complex financial arrangements. This can involve offshore companies or trusts to hold the property, sometimes for privacy or tax reasons. Mortgages are common, but cash purchases are also frequent, especially for very high-value homes, as seen in Mayfair and Belgravia.
Stories that explain this
Eight in 10 Mayfair and Belgravia Homes Sell Below Asking PriceRelated explainers
Could I buy a Mayfair home? How important is property to the UK? What was the 2014 peak? Who buys London's prime homes? What caused the 2014 peak? Is London losing its allure? Why are luxury homes cheaper? Are there fewer overseas buyers now?The full catalogue
Browse every card filed under T →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.