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Last week Nationwide released figures for the first three months of 2021 showing that London was the UK's weakest performer. Liam Bailey, the worldwide head of research study at Knight Frank, said: "London's super-prime property market brushed off Brexit and even browsed the pandemic confirming the UK capital as the world's leading wealth destination.

The United States property market, usually sluggish leading up to a presidential election, likewise had to contend with being struck hard by Covid shutdowns. By contrast, waterfront home markets in the United States stuck out, with super-prime transactions in Miami more than doubling compared with 2019. Palm Beach and Los Angeles also taped an increase of 78% and 26% respectively in sales above $10m.

Singapore's ultra-prime market performance was especially strong, practically trebling to 14 in 2020. The city-state's ultra-high net worth population grew by 10% in 2020. Singapore's appeal had grown as a hub for property and wealth management, said Knight Frank. James Dyson, Britain's richest male according to the Sunday Times Rich List 2020, bought a 43m penthouse there in 2019.

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