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London calling for Asia’s real estate buyers

Posted on 18 January 2013

London still calls for Asian property buyers, a new report says. According to the report released Wednesday from real estate firm Knight Frank, investors from Singapore, Hong Kong, China, Malaysia and India last year accounted for 50% of purchases of newly constructed homes in central London. Citizens of the U.K., on the other hand, represented just 27% of new-residence sales in the area.
Asian buyers spent an average of £680,000 ($1.1 million) on their new properties, up 14% from the average price paid the year before………………………………………..Full Article: Source


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