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Fewer Chinese and more Russians buying property in central London
The number of European Union and Chinese buyers of prime central London property declined over the course of last year while the number of purchasers from the UK and Russia grew, according to the latest report from Hamptons International. Property Wire reports. February 1, 2012 -- The report, which tracks the nationality of prime central London buyers, highlights the proportion of buyers from the UK, Middle East, European Union, China, Far East, USA, Russia, India, South Africa and the rest of the world. The results highlight a change in the buying habits of both European Union and Chinese buyers throughout 2011. The proportion of European Union buyers fell by 19% per cent throughout the year. Chinese buyers demonstrate a similar trend, peaking at 13% of all purchases in the second quarter but falling to just 2% in the last three months of 2011.
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