Prime property prices in London are falling. But at the very top of the market, sales are booming as billionaires hunt for bargains

Luxury property developer Christian Candy has sold the former head office of his business empire – now refurbished into an opulent five-bedroom home complete with an underground swimming pool, massage room, aquarium and cinema – for £63m.

Rutland House, a six-storey Victorian terrace in Knightsbridge – a stone’s throw from Harrods and One Hyde Park, the uber-luxe enclave developed with his brother, Nick – was the most expensive property to change hands in June, a month when the global super-wealthy spent more than £407m on London properties worth more than £10m each.

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Read More £63m for a five-bed London home? It’s a snip as the super-rich cash in

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