Almost 60% of new-build property in central London now bought by Asians
May 26th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
New Knight Frank research shows almost 60% of new-build property sold in central London in the last six months (Nov 10-Apr 11) went to Asian buyers, driven by the favourable exchange rate and London’s status as the top destination for international property purchases, with "strong capital growth potential and stable, long-term investment appeal." Hong Kong buyers were the largest group (24%), followed by Singaporeans (12%) and mainland Chinese (10%), and then other countries in the region.