The proportion of Russians in the market of luxury London property has declined

Secured Russians are leaving the market luxury real estate in London, while the Italians are the main buyers. About it writes The Financial Times referring to the analysis by Knight Frank. The share of foreign buyers in the market of elite real estate in London declined in July 2014 by 20% year on year. The largest decrease in activity was observed on the part of buyers from Russia and the UAE, whose share fell from 6.5% and 5.3 in 2013 to 3.7% and 1.4% in 2014, respectively. Currently, the largest group of buyers in the market - the residents of the eurozone countries, mainly buyers from Italy, whose share increased from 2.7% to 6.7%. The growth of real estate prices in the most expensive areas slowed down in 2014, while the rise in prices at a relatively affordable housing continued. HomesOverseas.ru