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Indian Investors Look to London Property

Stephen Harris

8 August 2008

Rapid local economic growth and the growing number of high net worth individuals is powering residential investment by Indians in the UK towards £15 billion over the next ten years, according to a report UK-India Cross-border Residential Investment from international real estate firm Jones Lang LaSalle.

James Thomas, director, Jones Lang LaSalle, is reported as saying: " London has an under-supply of housing stock, which means prices won't fall."