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Asian buyers rule London’s new-homes market

Posted on 30 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 per cent in the six months through April from 48 per cent a year earlier, the London-based real-estate broker said in a report. 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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