Asian buyers boosting London's property market
There has been a recent upsurge in the London property market, which has been attributed to Asians with cash to spend buying and taking out mortgages on properties.
Property surveyor Knight Frank says that house prices in London rose by 0.3 per cent in September, following a rise of 0.4 per cent in August, and says that purchases by wealthy Asians have had a big part to play in this.
The number of Asian buyers in the London market has now overtaken the number of European buyers for the first time ever, although the UK still accounts for six out of ten of all investors.
However, Knight Frank warns that this does not mean that a complete recovery of the housing market is on the cards.
Knight Frank'shead of residential research, Liam Bailey, commented: 'Given the current market conditions we expect that demand and transaction levels will be maintained in the coming months with movement in prices likely to be limited.'
The strongest areas of the capital's housing market were Notting Hill and the portion of north west London between Hampstead and St John's Wood, which appear to be the most desirable places in the capital to buy or take out a mortgage on a property today.
Meanwhile, south west London's house prices fared the poorest, with virtually no capital appreciation over September, and very little expected in the coming months either. | 
