Foreign buyers boost London property market

News Team, 18/11/2020

Foreign buyers account for 41 percent of London's prime property market, new research shows, with the French the most regular purchasers.

According to real estate and citizenship through investment specialists Astons, 6,438 transactions for London properties worth more than £1 million have completed in 2020. This resulted in an estimated £8.1 billion worth of property being sold. Foreign buyers accounted for £3.32 billion of this.

French individuals currently account for the largest number of sales, with 11 percent of transactions. This bought an estimated value of £365 million in London prime property sales.

Homebuyers from Hong Kong and the US accounted for 9.2 percent each of foreign property purchases in the capital, meaning both nations have contri...

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