Financial Times FT.com

London lures overseas shoppers

By Richard Milne and Tom Braithwaite

Published: January 23 2009 23:38 | Last updated: January 23 2009 23:38

London, long known as one of the world’s most expensive cities, is becoming the destination of choice for shoppers in search of low-cost luxury.

Be it Germans wanting to buy Porsches, Egyptians eyeing houses or Middle Easterners in Harrods, rich shoppers are flocking to the UK to take advantage of the plummeting pound.

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