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Luxury London homes best bargain for Chinese buyers

Posted on 01 November 2011

Chinese luxury home buyers are leading a legion of cash-rich non-UK investors in search of upmarket London homes, with demand driven by currency exchange rates that produce discounts of up to a quarter on purchase prices, research shows.
Property agency Knight Frank said Chinese buyers benefited from a 24 percent purchasing power discount based on the yuan-sterling forex rate between the peak of the prime London housing market in March 2008 and Oct. 27. Singaporean buyers got a 22 percent benefit, while Malaysians received 18 percent……………………………………….Full Article: Source


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