Foreign investors bought more than half of all properties for sale in London's most prized postcodes in the second half of last year as prices slumped. Exclusive areas such as Belgravia and Kensington have been snapped up by overseas buyers, with a jump in Middle East investors. It means the number of properties bought by international investors hit the highest point in five years. And the super rich are taking hits in their asking prices, with high-end homes in central London selling at the biggest discounts in more than a decade.

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