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Published on: Thursday, 1st July 2010 10:29 AM     By      Veena

A weaker pound and robust economies at home have made Asians the largest investors in Central London's real estate market, a global property consultancy firm, Knight Frank said recently.

The report said Asians, who spent 761 million pounds in new-built properties in London for better returns in FY 2010, accounted for nearly half (49 per cent) of all investment purchases in the country while UK investors constituted for only 36 per cent.

"While the market has returned to life after it pretty much shut down in 2008, current international investment demand is almost totally concentrated on London and is primarily coming from Asia," said, Liam Bailey, the Head of Residential Research, Knight Frank.

Knight Frank described the revival of international investment demand for new-build property as one of the most remarkable features of the residential market over the past 18 months.

It estimated about 49 per cent of all investors in the 12 months to March 2010 were Asian, of whom 11 per cent were from China or Hong Kong, 10 per cent from Singapore and 7 per cent from Malaysia.

To read more - hindustan times