Tuesday, September 4, 2007

London is fast becoming a second home to rich Indians

It is no longer a metaphor but literally true - more and more Indians are buying homes in the British capital. Last year 60 per cent of the £5 million-plus properties sold in Central London were bought by foreigners. While many of these were Russians and Americans, Indians were giving them a run for their money too. "My phone is ringing off the hook with Indians eager to buy property in London," said Jaideep Singh, head of the India desk at Knight Frank, real estate agents that specialise in properties in Central London.

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