Second only to South East Asian buyers, Indian buyers have become the second largest group of purchasers in the prime central London property market. They now represent 22% of sales, up from 5% two years ago. This group seems to be much more optimistic than buyers from continental Europe that have declined from 24% two years ago to 7% over the last 12 months.
‘Indian buyers have become the second largest group of purchasers in the prime central London property market, accounting for 22% of sales, new research shows.
The number of sales to this group has increased from just 5% two years ago before rules were relaxed around the amount of capital which Indian buyers could remove from the country, according to an analysis from London Central Portfolio.’