Middle Eastern money rises in London property

18th September 2015

Wealthy overseas shoppers are splashing out £18bn in London every year. The leading luxury goods and property buyers in the capital are from Saudi Arabia, Qatar and China, according to estate agent Rokstone and consultancy Global Blue. Residential property sales in central London to Saudi purchasers rose 18% on last year, with up to £20m paid for homes. Becky Fatemi, managing director of Rokstone, said: "The same people buying handbags and jewellery are purchasing apartments and houses."

Evening Standard (15/09/2015)