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The three-bed duplex at 6 Charles Street, Mayfair, sold to an American couple for £9.3m, forming part of more than £16mn of transactions at the building to US purchasers since the start of the year.
The scheme comprises 12 units, including lateral apartments, a penthouse, and a mews townhouse, a configuration that reflects the type of product currently resonating most strongly with international purchasers seeking scale, privacy and turnkey quality.
Russell Smithers, CEO of REDD, said:
“We are seeing a clear resurgence of US buyer activity at the very top end of the London market, particularly in Mayfair. The level of transactions we’ve seen at Six Charles Street so early in the year is a strong indicator that confidence is returning more quickly than many anticipated.
“What’s driving this is a combination of relative value compared to prime US cities, currency positioning and London’s enduring appeal as a stable global base. For many US buyers, the fundamentals are aligning in a way that makes London feel compelling again.”
Market feedback suggests that US purchasers are increasingly focused on high-quality, design-led developments in established prime districts, with demand strongest for lateral living, security and fully specified homes.
