dAccording to a study conducted by a Global Property Consultancy Firm Asia is the biggest investor in UK’s Realty Sector particularly Central London. This has been possible because of decreased value of pound and strong Asian economies.
The report showed, Asians spent around 761 million pounds in fresh properties in London for gains in the current fiscal year. Surprisingly they accounted for 49% of total purchase in the country while only 36% was constituted by the locals.
Asians are expected to put 20% of their money on new build residential properties also.
The report marked a change in the priorities of buyers as now they prefer more high class quality properties than in the last year.
Asia is on roll for sure even as the effects of recession start to wear off of other countries.
