Asian Demand for London Homes Rises on Weak Pound, Higher Rents
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Asian investors, attracted by a weak pound and rising rents, made up almost half of all buyers in the London residential property market in the past year, according to research by Knight Frank LLP.
Investors from China, Hong Kong, Singapore and Malaysia accounted for 28 percent of London home purchases in the year to March, the London-based broker said in an e-mailed statement. Purchases from the rest of Asia, not including India, amounted to 18 percent, and U.K. buyers represented 37 percent of sales.