Lon­don lures a world of buy­ers

Yorkshire Post - Property - - PROPERTY -

STRUTT and Parker’s lat­est UK res­i­den­tial quar­terly re­port high­lights the stark con­trast be­tween the property mar­ket in prime cen­tral Lon­don and the rest of the UK.

Buy­ers in prime Lon­don lo­ca­tions have be­come in­creas­ingly in­ter­na­tional; al­most 44 per cent of all the agency’s buy­ers were for­eign in 2013, while the rest of the coun­try has re­mained over­whelm­ingly do­mes­tic, with just five per cent of buy­ers com­ing from over­seas.

Stephanie McMa­hon, head of re­search, said: “We have seen Chelsea, South Kens­ing­ton and Ful­ham as­sem­ble the most di­verse spec­trum of in­ter­na­tional buy­ers, while Knights­bridge is highly at­trac­tive to those from the Mid­dle East.”

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