Asians are the largest real estate investors in London
Wednesday, 30 June 2010
LONDON, June 29 (PTI): A weaker pound and robust economies at home have made Asians the largest investors in Central London's real estate market, a global property consultancy firm, Knight Frank said recently.
The report said Asians, who spent 761 million pounds in new-built properties in London for better returns in FY 2010, accounted for nearly half (49 per cent) of all investment purchases in the country while UK investors constituted for only 36 per cent.
"While the market has returned to life after it pretty much shut down in 2008, current international investment demand is almost totally concentrated on London and is primarily coming from Asia," said, Liam Bailey, the Head of Residential Research, Knight Frank.
The report said Asians, who spent 761 million pounds in new-built properties in London for better returns in FY 2010, accounted for nearly half (49 per cent) of all investment purchases in the country while UK investors constituted for only 36 per cent.
"While the market has returned to life after it pretty much shut down in 2008, current international investment demand is almost totally concentrated on London and is primarily coming from Asia," said, Liam Bailey, the Head of Residential Research, Knight Frank.