This article problematizes the relationship between the global super‐rich and processes of property development that have generated large volumes of underused residential space. Evidence is presented to show that much of London’s new skyline is underused or lies entirely empty, so that one interpretation of this new landscape of super‐prime residential development is that it is a kind of dead residential space or necrotecture. These relatively lifeless spaces can be interpreted as the particularly wasteful result of continuing rounds of international capital investment in the built environment and the overconsumption of housing and other resources by the super‐rich. Necrotectural forms, seen in new towers and spectacular homes, appear to index a massive misdirection of development capacity, even as the city experiences a massive social crisis that continues to be played out in the wider housing market.