Nearly half (46%) of all the new build accommodation sold
during 2013 in London has been snapped up by the buy-to-let market. And the new
research by specialist fund and asset managers London Central Portfolio shows
that £1.2 billion in new build accommodation has been sold in the capital so
far this year. Last year saw 40% of new build homes in Westminster sold to
buy-to-let magnates, while 52% went the way of investors in Kensington and
Chelsea. The sales mirror data from the 2011 census which shows 50% of all
privately owned units in central London are let out. Read more on 24dash.
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