Wealthy French Snap Up London Luxury Homes as Chinese Step Back

The U.K.’s political and pandemic-fueled turmoil has opened a window of opportunity for France’s super-rich.

For the first time in at least a decade, the French are the biggest overseas buyers of homes in London’s wealthiest districts, according to broker Knight Frank. That’s a key shift from the previous dominance of wealthy Chinese, who have slipped to fourth in the ranking behind Hong Kong and U.S. buyers.