Weak pound lures Thais to buy properties in London

An artist's rendition of Park Modern, a residential project near Hyde Park. London apartments near Hyde Park are popular among global buyers.

The British pound, which was the lowest in 20 months against the baht, might draw more wealthy Thais to purchase London properties, according to property consultant Knight Frank Thailand.

Frank Khan, the consultant's executive director, head of residential, said the British pound had dropped by 12.7% from 47 baht in August last year to 42 baht at the moment.