Billionaires from Middle East drive London property boom: The super-rich snap up capital’s luxury homes as they hunt for new boltholes abroad and shield cash from effects of Iran war

American and Middle Eastern buyers are driving a London property boom after over £1billion of super-prime homes were snapped up in the first half of 2026.

Analysis of property market data shows £1.24bn of sales were recorded in the capital between January and June – a 79 per cent spike year-on-year driven by, experts say, one-time non-doms trying to shield their cash from the effects of the Iran war.

Around 25 per cent of buyers were from the Gulf, according to Beauchamp Estates, which analysed the data.

Middle Eastern buyers are hunting for new boltholes abroad should they have to retreat from scenes

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