UK Properties catch the attention of overseas property investors
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The famous UK property firm Frank Knight, reveals latest figures showing 37 percent of property buyers in the property range of between 1 million pounds to 2 million pounds are overseas buyers. Foreign investors usually look for properties within the range from 175,000 pounds to 5 million pounds and among those 4 percent are from the Middle East, 11 percent are from Europe and 5 percent are from Russia. Residential research expert at Frank Knight, Mr. Liam Bailey observed that the high net worth individuals (HNWI’s) are more focused towards London and the south-east, plus the rise in global wealth which has been noticed in recent years is due to the desire to expand their investment portfolios. Mr. Bailey also added that he is expecting the growth to continue throughout 2008 and believe to see more new investors from China and South Korea as well. He also believes the most active investors are from Russia and to keep attracting overseas purchasers, marketing plays a crucial role. |
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