# Super-prime home sales in New York and London

**Published by:** [Brandon Donnelly](https://brandondonnelly.com/)
**Published on:** 2022-09-24
**Categories:** 100-ltv, 100-mortgages, financial-times, home-sales, housing, housing-market, london, new-york, real-estate, super-prime-home-sales, super-prime-homes
**URL:** https://brandondonnelly.com/super-prime-home-sales-in-new-york-and-london

## Content

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: 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

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