Top Ten London Selling
You’d expect the man who’d just helped sell a £95 million mansion near Buckingham Palace to be in a better mood. But Knight Frank’s Daniel Daggers doesn’t particularly want to talk to Spear’s about his national headlinegrabbing work for Ken Griffin, the founder and CEO of Chicagobased hedge fund Citadel: ‘It took three years’ – that’s all we get. However, on the rumoured £30 million discount, the obvious perks of a currency hedge for a US buyer up against the whopping £14 million stamp duty bill, he adds: ‘Americans pay 1 per cent per annum of their house cost to the government as a holding charge. If an American is going to stay in a UK home for 12-15 years, it’s going to cost them the same amount as having a home in the US. The UK charge is just up front. If that charge is mitigated by a big currency gain and the capital values are depressed, then why wouldn’t you buy something in London?’ Daggers started his property career aged 17, after a broken collarbone ended his dream of becoming a professional footballer. He started as a junior at a local estate agency and worked his way up, joining Knight Frank in 2007. He is now a partner there and heads up the firm’s super-prime London team. Still, even someone who has managed the sale of more than $3 billion-worth of property has to relax sometimes. But how? ‘I’m a sucker for a good musical,’ he admitted in a 2017 blog.