Rich Foreign Buyers Back in Market for Luxury Homes

Summary


THE top end of the London housing market is booming again as cash- rich buyers snap up posh properties in the capital.

Developer Minerva, which is building multi-million pound homes at Lancaster Gate and has plans for an exclusive development at the Odeon cinema in Kensington, today said prices in "prime", central London are still rising after a 4% increase in April, May and June.

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Extract


Rich Foreign Buyers Back in Market for Luxury Homes

The rise in the second quarter and over the summer followed a 20% crash in prices since the onset of the credit crunch in September 2007.

Mi...

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