London agent gets record £50m asking price in Recession

Surya declined to divulge the identity or nationality of the buyer of the house and said: "We have a private circle of global buyers including oligarch industrialists, Royal Family members, hedge fund managers and high-level business people, all looking to snap up a bargain."

Belgravia, Mayfair, Knightsbridge and Chelsea are the most popular London districts amongst his cash-rich buyers from Russia, USA, India, and Middle East.

London’s Great Estates has enjoyed a bumper season during the recession, with several other deals currently being finalised.

Surya said: "Overseas buyers can buy a house for virtually half the price they would have paid two years ago, which is helped by lower asking prices and a weak pound. I believe it is a great time for owners of high-end properties in London to sell and cash-out and a great time for international investors to buy and invest."

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