Asian and Russian buyers desert prime London property market - FT.com

Asian and Russian buyers desert prime London property market - FT.com:

"Asian and Russian homebuyers who once made up a third of those buying property in London’s wealthiest areas have largely deserted the market this year as emerging market currencies plunged against sterling.
Properties in leafy boroughs such as Kensington, where the average home price is £1.5m, have been a sought-after asset in recent years among wealthy buyers seeking a base or an investment in a global, politically stable city."



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