Celebrity gossip and
homes website RichCrib.com highlight the fact that London has fast become the
home of the celebrity. The celebrity house website reports that Angelina Jolie
and Brad Pitt , Carey Mulligan, Madonna, Elton John and Mick Jagger all have homes in London.
In
fact the celebrity trend matches the super rich trend who are keeping prime
property prices sky high .Overseas
property buyers spent about 4.3 billion pounds on prime property across the
whole of London over the last 12 months.
Simon
Gammon, managing partner at Knight Frank Finance
“Many
foreign multi-millionaires are landing in the country and walking into estate
agents on spec many don’t have a
lawyer or any tax advice but want a house in London they may have seen on the
internet,” he told Reuters.
Russian
and Arab buyers in particular have been pouring cash into the London housing
market as an ultra-safe bet, encouraged by European turmoil and a weak pound,
Knight Frank said.
More here
London
has always been seen as an attractive major investment because of its financial
institutions and stability. With low interest rates and favorable foreign
exchange rates.
London
is seeing a sharp rise of rich Asians & their children who live & study
here as well as the odd celebrity or two
