Foreigners Buying Half of London New Homes Prop Up Building
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Half of London’s new-home buyers come from abroad as the city’s reputation as a safe haven attracts rising investment and sustains development.
Foreigners spent more than 3 billion pounds ($4.7 billion) on new homes in the U.K. capital last year, a 25 percent increase from 2011, broker Jones Lang LaSalle Inc. said in a statement today.