Celebrity gossip and homes website RichCrib.com highlight the fact that London has fast become the home of the celebrity. The celebrity house website reports that Angelina Jolie and Brad Pitt , Carey Mulligan, Madonna, Elton John and Mick Jagger all have homes in London.
In fact the celebrity trend matches the super rich trend who are keeping prime property prices sky high .Overseas property buyers spent about 4.3 billion pounds on prime property across the whole of London over the last 12 months.
Simon Gammon, managing partner at Knight Frank Finance
"Many foreign multi-millionaires are landing in the country and walking into estate agents on spec many don't have a lawyer or any tax advice but want a house in London they may have seen on the internet," he told Reuters.
Russian and Arab buyers in particular have been pouring cash into the London housing market as an ultra-safe bet, encouraged by European turmoil and a weak pound, Knight Frank said.
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London has always been seen as an attractive major investment because of its financial institutions and stability. With low interest rates and favorable foreign exchange rates.
London is seeing a sharp rise of rich Asians & their children who live & study here as well as the odd celebrity or two
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