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Knight Frank sees foreign surge into UK property

Posted on 02 October 2012

London is attracting increasing volumes of overseas funds into residential and commercial property, leading to a rise in annual revenues for upmarket property agent Knight Frank, despite the domestic economy shrinking.
The company, one of the biggest partnerships in the UK, said revenues grew 8pc to £334m in the year to March 31. This means Knight Frank’s 61 partners will share a profit of £65.2m, down from £72.7m last year because the property agent spent capital on opening new offices in South Africa, Dubai, Australia and India………………………………………..Full Article: Source


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