Only 19 percent of property-buyers are British.

Via Faisal Islam’s twitter feed is this fascinating chart from Jones Lang LaSalle showing the nationalities of real estate buyers in central London. Only 19 percent are British; a steady stream of international buyers, including people from Hong Kong, Singapore and Malaysia, make up the bulk of the purchases. As we reported recently, it seems foreigners are responsible for the crazy price boom in London’s fanciest houses; but the data above is of standard family residences. What’s driving these purchases? London’s rising property prices make real estate an attractive asset (to the point where many see a bubble) and foreigners see fixed assets in the UK as a kind of haven investment. UK developers are even pre-selling their projects to overseas in investors in advance of building to reduce the financing risk on their projects.

This post originally appeared on Quartz.

About the Author

Tim Fernholz

Tim Fernholz is a reporter at Quartz.

Most Popular

  1. Life

    When Artificial Intelligence Rules the City

    An expert panel ponders how AI will change our lives.

  2. Design

    The Military Declares War on Sprawl

    The Pentagon thinks better designed, more walkable bases can help curb obesity and improve troops’ fitness.

  3. Equity

    The Poverty Just Over the Hills From Silicon Valley

    The South Coast, a 30-mile drive from Palo Alto, is facing an affordable-housing shortage that is jeopardizing its agricultural heritage.

  4. The price of bananas is displayed on a digital price tag at a 365 by Whole Foods Market grocery store.
    How To

    The Past and Future of Urban Grocery Shopping

    In his new book, Michael Ruhlman charts the overlap of food, commerce, and identity.

  5. Life

    Where Are America's Real Arts Capitals?

    Big coastal cities might have iconic, profitable, and well-funded scenes. But the economic impact of the cultural sector can be larger in some surprising places.