"Bankers and other employees in London's financial industry are set to spend 3 billion pounds ($5.3 billion) of their 2005 bonuses on buying more than 20,000 new homes in the next few months, according to a report published today."
"Some of the bonuses will be spent on buying real estate overseas in countries such as Bulgaria, Spain, India and China, Nick Clark, chairman of the Homebuyer Show, which takes place in London's Docklands district on March 16-18, said in the statement."
Source: Bloomberg
