Foreigners Buying Half of London New Homes Prop Up Building

Foreigners Buying Half of London New Homes Prop Up Building

Chris Ratcliffe/Bloomberg

Home prices in London rose 10.6 percent in the year through March 13, led by a 38.7 percent gain in the City of Westminster where prime districts Mayfair and Belgravia are located, Acadametrics Ltd. said in a study released today.