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Foreign buyers prop up London property values

Posted on 02 November 2010

From Cityam.com: Foreign buyers are helping push up house prices in the most affluent areas of central London, according to fresh research. While the value of prime homes in London has fallen one per cent since July, overseas buyers have buoyed prices in areas like Kensington and Chelsea, says agent Knight Frank.

Foreign buyers made up 68 per cent of all sales in June, compared to 53 per cent last year, with even more new overseas homeowners at the top end of the market…………………………………….Full Article: Source


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