London's reputation as a safe haven for international property investment threatens to transform large parts of the city into "ghost towns" as prime real estate is snapped up by affluent absentee owners from abroad.

Christian Ulbrich, the European head of Jones Lang LaSalle, told the UK’s Daily Telegraph that London has become the “safe haven of the world” for property investment, with a “whole spectrum” of international buyers drawn to the British capital by its combination of quality living conditions and strong economic opportunities….