Half of New-Home Buyers in London Are From Abroad

Thanks in part to its reputation as a safe haven for wealth

Half of London's new-home buyers come from abroad as the city's reputation as a safe haven attracts rising investment and sustains development.

Foreigners spent more than 3 billion pounds ($4.7 billion) on new homes in the U.K. capital last year, a 25 percent increase from 2011, broker Jones Lang LaSalle Inc. (JLL) said in a statement today.