# Super-prime home sales in New York and London

By [Brandon Donnelly](https://brandondonnelly.com) · 2022-09-24

100-ltv, 100-mortgages, financial-times, home-sales, housing, housing-market, london, new-york, real-estate, super-prime-home-sales, super-prime-homes

---

Here's what I can tell you this morning: Real estate development is a bit more fun when you don't have to constantly worry about supply-chain issues, access to labor, high inflation, and regularly increasing interest rates. That said, if you just want to buy a super-prime property in one of the world's preeminent global cities, [things seem to be just fine](https://www.ft.com/content/07802fa9-fdb7-45c7-89e7-ae2a05a71df5):

![](https://storage.googleapis.com/papyrus_images/8970aa36129c4e7b9cab9d9327e1a75b.png)

![](https://storage.googleapis.com/papyrus_images/a415a34627d876c9f93f74e5eba23c67.png)

According to FT, both New York and London have continued to see a rise in super-prime sales this year and both have seen more of these sales in the first 8 months of 2022 compared to all of 2019 (before the pandemic). Note: These charts are showing home sales greater than US$10 million and greater than £5 million, respectively.

On top of this, many or most of these buyers are, apparently, still able to access financing at LTVs of 100% (i.e. no money down). For what it's worth, there is a London mortgage broker quoted in the article saying that he has arranged more 100% mortgages this year than in his entire 20-year career. Turns out that the best way to ensure access to debt is to not need it in the first place.

_Charts:_ [_FT_](https://www.ft.com/content/07802fa9-fdb7-45c7-89e7-ae2a05a71df5)

---

*Originally published on [Brandon Donnelly](https://brandondonnelly.com/super-prime-home-sales-in-new-york-and-london)*