Asian Are Starring Outside Demand For Residential Investment Property In Central London-00-6668

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In its current investment report, Knight Frank reveals that Asiatic investors bought more than a fifth of all central London's new-build properties in the year to March 2010.
The assets from the Asiatic investors comes as their domestic markets, particularly in China, prove more difficult.
Liam Bailey, Knight Frank's manager of residential research, said: Eastern buyers in particular are keen to spread their exposure and invest in markets they regard as more secure than their own if they can get through the regulatory minefield and release the funds. In mainland China, local investors have become more nervous about keeping money in their own country after outstanding credit rose by 30% and at least seven Chinese cities saw their new home prices surge more than 50% over the 12 months to March 2010.

London's attractions conteinance the weak currency, coupled with strong capital growth and rising rents. Investors from China,/Hong Kong, Singapore and Malaysia accounted for 49% of all investment purchases against just 36% acquired by british buyers.
Bailey said despite 22% capital increment in the 14 months ...
... up to the end of May 2010, currency trends meant that effective prices in central London were still 32% lower than their March 2008 peak for a purchaser looking to buy in Hong Kong dollars. Eastern buyers have also benefited from the wealth created from strong Asian price increment. Similar savings have been delivered to Singapore, Malaysian and European buyers.

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