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Showing posts with label London. Show all posts
Showing posts with label London. Show all posts

Monday, February 28, 2011

London's Luxury Homes Attract Overseas Buyers Seeking Financial Stability

The scarier things get, the better London homes look to the world’s rich.

A widening range of foreign nationals bought houses and apartments in the British capital worth more than 1 million pounds ($1.61 million), lifting values for the fourth consecutive month in February, according to property broker Knight Frank LLP. Greeks and Spaniards increased investment as their economies reeled and Asians sought a hedge against inflation.