Egyptian billionaire Naguib Sawiris has reduced the asking price of his Knightsbridge penthouse by approximately £10 million ($13.2 million).
This price adjustment comes after an extended period of struggling to find a buyer in the luxury property market, which has been significantly impacted by increased wealth taxes.
The reduction reflects the challenging conditions currently facing high-end real estate, where demand has softened amid changing economic factors.
https://www.bloomberg.com/news/articles/2025-11-14/billionaire-sawiris-cuts-london-penthouse-price-by-10-million