London Luxury Homebuilding to Jump 70% on Foreigner Cash – Bloomberg 09-03-12

Salient to Investors:

EC Harris estimates luxury home builders will complete more than 15,000 houses and apartments in London over the next decade on overseas demand; says the pipeline is unprecedented.

Knight Frank say home prices in London’s most expensive areas are up 49 percent since the March 2009 low, up 14 percent from the previous peak in 2008.

Central London real estate is considered by foreign investors as a safe haven from economic and political unrest back home.