London – It’s neither the Russians nor the Arabs, but the Italians. They are the foreigners who bought the most homes in London’s most chic neighborhoods. The worldwide property consultancy Knight Frank released the list of purchases for the first seven months of 2014, showing that Italians take home 6.7% of total sales, followed by France with 4.1% . Overall, euro-area investors cover 14.5% of the purchases. According to a report by Bloomberg, Italians are present in the 13 most luxurious districts, spending an average of £4.4 million (€5.5 million) per home, in particular in Knightsbridge, Chelsea and South Kensington. (9Colonne)
