According to Coutts 2024, there has been a 9.1% increase in super prime £10m+ property transactions compared to last year.

This uptick may be linked to trends identified by Benham and Reeves, which indicates a resurgence of super-prime sellers returning to London’s housing market.

Interestingly, London’s super-prime rental market is also seeing a revolution this year with more of the world’s wealthiest coming to the UK and opting to rent rather than buy in the capital. What is driving this? Chestertons estimates that 70% of these super-prime renters are from overseas, many of whom are in London to work rather than to live, deterred by high interest rates and an uncertain tax future. However, work is not the only thing pulling these high-net-worth individuals to London. The capital's pull as a multicultural metropolis, complete with gastronomy and culture is equally as effective.

Do you want a piece of the lucrative super-prime market?

The super-prime market requires a unique set of skills and expertise, and below I have categorised the key traits and skills required to become one of the capital’s finest super-prime agents.

The key message here… go above and beyond in every aspect of the role.

Deeper market knowledge

Cultivating an in-depth, expert-level understanding of the luxury property market is essential. This means going above and beyond surface trends to deeply understand historical price trends, neighbourhood growth patterns and future market projections. Staying ahead of the latest shifts in the luxury market - knowing how these changes impact the high-end properties - sets a super prime agent apart.

This level of insight not only builds trust with clients but also empowers agents to provide strategic guidance that can elevate their client's investments.

Networking, communication & relationship building

In the super-prime real estate market, connections are everything. Successful agents build and maintain a robust network that includes not only potential buyers and sellers but also developers, financiers, and other key industry professionals. Attending high-profile events, luxury property expos, and exclusive gatherings is essential for meeting and engaging with influential figures in the industry. Additionally, effective communication is paramount; clients in the super-prime sector expect a seamless blend of professionalism, discretion, and attentiveness when managing their high-value portfolios. A well-connected agent with excellent communication skills can offer clients unique opportunities and insights, solidifying their role as a trusted advisor in the luxury property market.

Property valuations

To excel as a super-prime estate agent, mastering the art of accurately assessing high-end property values is essential. Luxury real estate requires a refined approach that goes well beyond standard valuations, taking into account unique intricacies like architectural distinction, historical importance, prime location, and exclusive amenities. Each of these factors can significantly influence a property's value, and an expert super-prime agent understands how to evaluate these nuances with precision. Developing this skill allows agents to provide clients with a sophisticated, well-informed valuation that meets the discerning standards of the luxury market.

Gaining trust from high net-worth individuals

To attract and retain high-net-worth clients, building a reputation for reliability and trustworthiness is crucial for any aspiring super-prime estate agent. Establishing and nurturing strong relationships with clients involves deeply understanding their unique needs, offering tailored services, and consistently delivering on promises. This level of personalised attention not only fosters loyalty but also reinforces the agent’s credibility, making clients feel valued and confident in their investment decisions. A trusted reputation is a powerful asset in the super-prime market, enabling agents to forge long-term relationships that drive sustained success.

High-end marketing

Showcasing properties with high-quality photography, immersive virtual tours, and exclusive listings on luxury real estate platforms is essential for any super-prime estate agent. In the luxury market, presentation is everything and stunning visuals paired with seamless virtual experiences allow potential buyers to fully appreciate the property’s unique qualities, even from afar. Leveraging premium marketing tools and platforms tailored for high-end real estate not only elevates the property’s appeal but also reflects the agent’s commitment to excellence. This strategic approach ensures each listing stands out, attracting discerning clients and setting a high standard in the super-prime sector.

Understanding of legal and financial aspects

Handling luxury properties requires navigating complex legal and financial considerations, making expertise in these areas essential for a super-prime estate agent. An excellent agent is well-versed in property laws, zoning regulations, and the tax implications unique to high-value real estate, equipping them to offer reliable, informed guidance to clients.

Additionally, being knowledgeable about financing options, investment potential, and the financial nuances of luxury transactions allows agents to provide clients with comprehensive advice. This depth of expertise not only enhances client trust but also empowers them to make well-informed decisions in the super-prime market.

Personal brand

In today’s market, building a powerful personal brand is crucial across all industries, especially in super-prime real estate, where high-net-worth clients prioritise credibility above all.

The affluent will only work with agents they perceive as both trustworthy and highly skilled, so it’s essential to be intentional about the image you project. Think carefully about how your brand aligns with who you are—and who your clients need you to be. Maintain a polished online presence through strategic use of social media, luxury real estate platforms, and targeted digital marketing campaigns. By crafting a personal brand that exudes expertise in luxury real estate, you’ll establish yourself as a go-to professional in the super-prime market.

Drive and enthusiasm

The aspect that connects all of the above.

When we asked Rory Penn - Partner; Head of London Residential Sales & Chair of Private Office, ‘What does it take to be an exceptional super prime agent?’ he said…

“You’ve got to have true drive and enthusiasm, stand out massively above the rest and go that extra mile – these are all paramount.”

In the luxury market, clients seek agents who not only bring expertise but also a palpable passion for real estate. This level of energy fuels an agent’s commitment to going the extra mile - whether that means conducting exhaustive market research, staying available for clients across time zones, or curating personalised experiences that leave a lasting impression. This drive naturally builds trust, making clients feel valued and confident in their agent’s dedication.

You can listen to Rory Penn’s full podcast interview here.

Becoming a successful super-prime real estate agent in London requires a blend of skills. As the super prime real estate market continues to evolve, those who are open to continuously adapting and excelling in the areas above will give themselves the best chances of succeeding as one of London’s finest ever agents.