An drop in prices of up to one-fifth and a weak pound against the dollar have prompted a "noticeable increase" in US and Indian investors looking to buy London property, according to estate agents Chestertons. Interest in London residential property from buyers in the United States and India has surged over the last three years, according a new analysis of the market. The number of buyers from India has risen by more than 50% since last year, with many buying property for investment rather than investment, said Andrew Smith, director at Chestertons, which is based on London's South Bank.
An drop in prices of up to one-fifth and a weak pound against the dollar have prompted a "noticeable increase" in US and Indian investors looking to buy London property, according to estate agents Chestertons. The number of buyers from India has risen by more than 50% since last year, with many buying property for investment rather than investment, said Andrew Smith, director at Chestertons, which is based on London's South Bank.