The London Daily News

Property News Desk

Prime real estate in London has been "snapped up" in the weeks coming up to Christmas by foreign buyers which as seen £1.3 billion of property sold to buyers from Asia, Africa and Europe.

The properties include, skyscrapers, clothes shops  in prime locations and City office developments.

Investment in prime locations in central London has proven to be safe haven for Eurozone investors who have seen their investment values dwindle, in comparison to rising values in London.

James Beckham of Jones Lang LaSalle told the  Financial Times that the London market is now "good time to come into" as "many sellers are distressed  or concerned over the impact of the euro zone crisis and future valuations".

The former head quarters of NatWest Bank Tower 42 was sold to a South African investor for £282.5 million, with another building sold to the Malaysian government's investment arm for £350 million.

photo credit: LDN photo desk