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June 27, 2013
Asian Investors Changing Their Investment Habits in London Property
The Far East is well known as a demand hot spot for new builds and off plan purchases and is often a first stop for developers or sales agents marketing any new scheme in London. However the recent Savills auction demonstrates an increased appetite by this demographic for secondary stock or unfinished properties which can benefit from added value through refurbishment to obtain higher rental yields.
Nonetheless this increase in purchases by Far Eastern buyers in a different class of residential property is still in the sub £1 million price point where such buyers have been traditionally most active.