Investors buy into London Property
Figures for the Q3 of 2018 are in. They reveal a spike in investments as foreign money buying into the city’s commercial property sky rockets.
Figures reveal that European investment in the third quarter doubled to £1.7bn. This returning demand from European buyers has had a positive impact on the commercial and office space investment. Foreign investment accounted for a record 92% of total funding in London for the months of July, August and September.
Robust demand from Asia in the last 12 months
London is still in huge demand commercially. Total investment volumes for the year look to be on a par with 2017. There has been huge investment in the London property market from Asia with Hong Kong and South Korea dominating the Asian influx in the last twelve months. There is however talks of backing coming into the country from other Asian sources also.
According to a Cushman and Wakefield report London has reclaimed it’s spot as the top city for cross-border investment. It has now held this position for nine of the past ten years.
European Investment doubled to £1.7bn in Q3
Asia is not the only continent investing in London. European investors are still infusing money into the market. The third quarter of the year brought several European to the forefront of our minds.
The Adelphi building was sold to a Spanish billionaire for £550 million. Likewise German investor Deka purchased Victoria’s Verde office development for a cool £460 million. London is still showing attractive yields in comparison to a lot of European cities and the appetite for our commercial developments including skyscrapers and major office blocks is high. It really seems like foreign investment is booming in this ever popular city.
Interested in Investing in London Property?
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