Foreign buyers support London property recovery whereas Abbey raises its mortgage rates
According to property consultants Cluttons at the moment foreign buyers are y making the majority of all property purchases in top London locations like Knightsbridge, Hyde Park and Chelsea. As the foreign buyers are making considerable savings on the currency exchange, they are prepared to pay a premium to secure the property they want, even though the prices have held firm in these traditionally upmarket areas. Many foreign buyers still view London as one of the most desirable places in the wo