The London market remains top of the list for Asian residential investors, according to research into buying habits by Colliers International.
The most popular residential units were those in the cheaper boroughs, with most buyers targeting one-bedroom properties and those under £800 per sq ft.
The research showed a huge surge in demand for lower price points in London, with investment into secondhand stock and smaller schemes demonstrating a shift in investor attitudes towards areas with significant regeneration potential.
Newham saw the highest percentage of overseas buyers (36.2%) of any London borough, followed by Southwark with 17.7% and Westminster with 12.9%.
Asian investment into UK property increased by more than 30% last year, with cooling measures in home markets leading to more investors shifting their capital offshore, according to the latest figures from the Residential Investment Almanac.
“Despite slowdowns and fears in home economies, demand remains strong in 2015, as stock market turmoil leads more investors to put their money into real, tangible assets,” said Ashley Osbourne, head of residential for the UK and Asia at Colliers International.
