Top techies fuel luxury property boom in London

A jump in the number of £10million-plus properties being snapped up in London is being fuelled by top techies in their thirties.

Pointing to the age group, luxury estate agent Knight Frank said the year to the end of June saw a 7.3 per cent leap in the number of buyers of such property who were under 40.

Over the same period, the agent counted the chunk of super-prime buyers in their 30s to have more than doubled to 14.8 per cent from 7.1 per cent.

Knight Frank partner Daniel Daggers reflected on the figures: “We’re seeing more young buyers who have made their money in tech and IT.”

Rather than go after Mayfair and London’s other ‘golden postcodes,’ such youthful professionals have secured £10m-plus pads “further afield,” in areas like the Southbank.

The quality of the property matters most to these techie types, who the agent said have a penchant for amenities like 24-hour concierge service, secure parking and leisure facilities.