Economy
Chinese top spenders on London property
Updated: 2011-03-29 16:22
(Agencies)
Property buyers from the Chinese mainland have become the biggest spenders in the prime central London property market, the Financial Times reported.
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Investors from Malaysia followed their peers from the Chinese mainland with an average purchase price of 6.2 million pounds, and Hong Kong, paid 5.5 million pounds, the paper said, quoting figures from Knight Frank.
Russian buyers, once the biggest buyer in the market, fell to fourth place by spending an average of 5.4 million pounds over the past 12 months.
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