Most new homes in central London are bought by Asian buyers

According to research by real estate giant Knight Frank, 59% of new properties sold in the six months from November 2010 to April 2011 in central London were purchased by Asian buyers. It is the first time that the majority of this prestigious type of property ends up in the hands of investors from the Far East. Among the factors that influenced the eastward shift of one of the most dynamic property markets in the world are the surge in property prices recorded in several Asian countries in recent months and the weakness of the pound. Two drivers to which has been added the traditional preference of buyers in the Far East for new rather than already inhabited homes. Most of the customers in question come from Hong Kong (24%), Singapore (12%) and China (10%) and in the last two months examined by the research alone they have helped to change hands around 120 million pounds (137 million euros) of property, particularly in the price range between 400 and 1 million pounds.
To know more: Property-magazine.eu