Buying Spree in London
Financial Times reports: Overseas appetite for London property has gathered momentum in the week before Christmas, with foreign investors hitting the capital for a £1.3 billion ($2 billion) spending spree.
In a series of big-ticket deals, buyers from across Asia, Africa and Europe have snapped up skyscrapers, upmarket clothes shops and sprawling City office developments.
London has absorbed £10.1 billion of foreign investment since the middle of the year, more than double that attracted by Paris, which, at £5 billion, is the next biggest draw for international capital, according to global commercial property research firm Real Capital Analytics.
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Posted by: Nina Turner