@sinoceros
London property prices have surged this year—up 8.1% in June, compared with the same month in 2012. That’s enough to invite “bubble” talk among economists.
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One cause of rising prices: Chinese investors. They bought 27% of new homes sold in London (link in Chinese) in 2012, according to a report by Chinese Weekly, a UK-based paper, quoting data from Savills, a UK-based estate broker. Chinese demand for new housing amounted to about 17% of total residential real estate transaction value last year, says the report. Continued .....
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