Asian investors snap up more homes in london

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London’s property market is continuing to benefit from the surge in global wealth creation, particularly in Asia, with many international investors snapping up homes in the capital.

Weston Homes sold 31 new houses and apartments worth a collective £11 million at its King’s Island development in Uxbridge, North West London, following two weekend exhibitions in Hong Kong and Macau in April. King’s Island features 24 houses and 127 apartments and penthouses, with prices ranging from £191,995 to over £700,000.

Bob Weston, chairman and chief executive of Weston Homes, said: “It is a booming market in the UK; international buyers want to come over here and invest in property. King’s Island is a significant development, in a great location only 15 miles from central London that appeals to a global audience. This is reflected in its excellent sales success in Hong Kong and Macau.”

Over £800 million worth of property – equivalent to around 2,500 homes in London – were sold at exhibitions in Asia last year, according to research by CB Richard Ellis (CBRE).

YOUR PROPERTY NETWORK says: “The combination of favourable exchange rates and pricing mean that international investors continue to be interested in UK property. Residential research from Savills reveals that close to half of all prime central London buyers over the last five years are from overseas.”

For further information on King's Island Uxbridge please call the sales & marketing suite on 0845 638 5010 - open 7 days a week 10.00am - 5.00pm - or visit Kings Island on the Weston Homes website www.weston-homes.com/kingsisland/

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