More than 2,000 years after Julius Caesar first stepped off his boat in Kent, Britain is once again facing a Roman invasion. But the new army isn’t coming for our tin or our women; they want our bricks and mortar.
A recent survey published by agency Knight Frank shows that Italians have overtaken Russians as the leading buyers of prime London property. Since January, they have accounted for eight per cent of all sales in the area. Last year it was the Greeks, who more than doubled their spending on prime London as riots raged across Athens. This year, it is their cousins across the Adriatic who are opening their chequebooks. The total spend for Italians in prime London is estimated to be £408m for 2011, up from £185m in 2010.
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