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Asian buyers snap up half of new London homes

Posted on 23 January 2013

If you’ve just moved into a newly built apartment in central London, don’t be perplexed if your neighbors speak mostly Chinese. Market-cooling measures in Asia have helped fuel interest in London’s real estate market—long a popular destination for property buyers on the prowl, says property consultancy Knight Frank.
Last year, overseas buyers spent $3.5 billion on apartments undergoing construction in central London, up 22% from the year earlier………………………………………..Full Article: Source


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