Thursday, 26 May 2011

Asian Buyers Dominate London’s New-Homes Market for First Time

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aXggav7_kxGQ

Hong Kong buyers acquired more homes than any Asian country, accounting for 24 percent of all purchases of newly built properties. Singapore was second with 12 percent and Mainland China third with a 10 percent share.    

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SS says

Foreigners are the last ones to enter the party.

I remember Japan buying US property - like there was no tomorrow - in 1985-90 - just before Japan topped and crashed.

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