London Trophy Apartment Sells for $24 Million After 26% Discount

  • Former Onassis family residence was sold in under 24 hours
  • Housing markets in wealthiest districts struggling to recover
47 Grosvenor SquareSource: Grant Frazer
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It’s a buyer’s market for trophy homes in central London.

A Mayfair apartment that was once home to part of the Onassis family has been snapped up for 18.6 million pounds ($24.4 million) -- or about 26% below the asking price, according to a statement from Wetherell, the agent that brokered the deal. It took less than 24 hours for the Middle Eastern buyer to agree on the purchase of the property at 47 Grosvenor Square.