Foreign buyers flock to London

14th February 2014

Research from Knight Frank has suggested that political and financial upheaval in some of the world's largest emerging economies is driving a wave of rich migrants to London to park their wealth in the city's property market.

It says that online inquiries from Argentina, Ukraine, Brazil, Indonesia and Turkey have soared during the past year. A Singaporean buyer commented: "London's a cosmopolitan place - just like New York. I find the system for buying there excellent too. The conveyancing lawyers all correspond by email and are very prompt in their replies”.

Source:   Financial Times (08/02/14)