London Unseats NY As Top Spot For Foreign RE Dollars

Law360, New York (January 8, 2014, 6:51 PM EST) -- A growing number of foreign real estate investors are choosing London as the top city to put their cash as buyers look to take advantage of the soaring prices, stability and transparency the U.K. capital city has to offer, knocking New York to second place. 

While both markets have seen marked improvement during the past several years, London's recovery has been much more dramatic. That fact, coupled with the U.K'.s more transparent and straightforward tax and legal systems, is luring many institutional investors from elsewhere in Europe, Russia, the...
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