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Boom for prime homes in London driven by Middle East buyers

Posted on 31 August 2011

The cost of London’s most expensive properties rose the most in nine months as Middle East investors helped to push up prices. Homes costing an average of £3.7 million (Dh22.1m) rose 10.5 per cent in the past 12 months, according to a report released yesterday by Knight Frank.
The boom is being fuelled by foreign buyers, who are taking advantage of the weak pound to snap up property in prime areas of London……………………………………….Full Article: Source


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