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Asian buyers dominate London homes market

Posted on 26 May 2011

Asian buyers accounted for the majority of new home purchases in central London for the first time as they took advantage of the pound’s weakness and avoided rising prices at home, Knight Frank LLP said.
The share of deals increased to 59 percent in the six months through April from 48 percent a year earlier, the London- based real-estate broker said in a report today. Most of the Asian purchasers were based in Hong Kong or Singapore, where residential property prices have risen to records this year……………………………………….Full Article: Source

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