Buyers from France made the largest international purchases in the central London real estate market in the first nine months of 2020, accounting for 11% of all transactions involving foreign buyers.
It is a major change after the Chinese buyers dominance, who accounted for 8.3% of foreign purchases between January and September 2020, compared to a share of 15% in the first nine months of 2019, according to real estate company Knight Frank.
French buyers were followed by buyers from Hong Kong and the US, who were tied for second, each making up 9.2% of all home sales to foreigners in central London.
The share of British buyers who made purchases in the real estate market in central London rose to about 59%, compared to 47% between January and September 2019.
Last month, real estate sales in the UK reached a record high, amid a continuing boom in the real estate market.