Buyers waited until Conservative majority assured before signing on the dotted line
An unnamed family bought a central London townhouse on Friday for £65m in the confidence that Boris Johnson had secured a landslide general election victory. The deal is understood to be one of the most expensive ever transacted on the UK residential property market, with the buyers delaying signing off on the luxury home until a Tory majority was assured. Gary Hersham of Beauchamp Estates, the estate agency that negotiated the sale, declined to give further details or even specify precisely where the house is situated but did tell the Guardian that his firm had enjoyed an influx of calls from its wealthy clientele in the immediate aftermath of Britain waking up to a Conservative majority government, seeing off the threat of Jeremy Corbyn’s Labour Party. Mr. Corbyn had pledged to make Britain’s top earners pay more if he secured the keys to No 10, promising new taxes, capital controls and increased scrutiny of private schools. But his failure at the ballot box saw the collective riches of Britain’s 16 billionaires – including the likes of James Dyson, Sports Direct boss Mike Ashley and petrochemicals tycoon James Ratcliffe – rise by £2.1bn on Friday as share prices soared, according to a Bloomberg index.
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