London tops list for investment in real estate

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New York fell to third place on the list of most popular cities to buy apartments. The first two places are reserved for London and Paris who have maintained high positions after it turned out that the European debt crisis has not had much of an effect on real estate buyers.

The Capital of the UK is the top of the list, with foreign investment increasing by 32%. Now foreign investment in property amounted to 5.7 billion pounds by December last year. In Paris, the foreign buyers spent 3.1 billion pounds on real estate in a six month period in 2012  or about 50 percent more than a year previously. New York, which last year was the first on the list, now has had foreigh investment in real estate of 2.8 billion or 43% less than the year before.

Investors spent about 50 billion Euros on European real estate in the first half of the year, which is 9% less than last year. On an annual basis investment in this sector is expected to fall by about 10%, or about 103 billion pounds, compared with last year. Globally, investment in real estate this year will reach 345 billion Euros.