Tuesday, February 28, 2012

London properties still drawing investors

Business Times: Tue, Feb 28
(SINGAPORE) London properties continue to lure investors, in large part supported by the weaker pound sterling, as well as the economic uncertainty that plagues Europe, say industry players.

'Ironically, economic and even political turmoil have provided the impetus for growth - with a sharp growth in investors looking for a safe-haven location for at least part of their wealth portfolio,' pointed out Liam Bailey, Knight Frank's head of residential research.

According to Knight Frank's Oxford office, international buyers bought 40 per cent of its prime stock in Oxford City in 2011...

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