Fewer Singapore buyers of prime London homes after loan curbs

London

SINGAPORE investors are buying fewer mansions in London after mortgage changes in the island nation limited their ability to borrow.

The number of Singaporeans buying prime homes in the capital fell 74 per cent in the period from November to the end of May compared with the previous six months, according to Knight Frank. They now make up 1.7 per cent of all buyers in the city's best districts, down from 3.8 per cent in the prior period, the broker said.