Overseas investors comprised 78 per cent of the commercial property buyers in Central London in the last three months, a market research report prepared by renowned estate agents Savills. This reveals that London remains a global property hotspot as overseas investors continue to acquire commercial properties, as long-term returns are guaranteed.
International buyers are acquiring properties in bulk in London with 39 per cent of their deals being above £50 million. This can be attributed to the currency devaluation coupled with falling prices of properties in the wake of the UK voting to leave the EU, the report noted.
The commercial property market in the UK has stabilized in the last three months, as domestic as well as international investors expect long-term gains. Research by independent agencies has shown that overseas buyers have increased their share of investment in the UK property market, particularly in London, which offers higher return on investments. With 2017 coming to an end, more transactions are expected, raising the investment volume in the property market.
It is proven that Central London and Prime Central London property markets are attracting international investors. If you are exploring any opportunity to invest in these property hotspots, consult our agents at Strawberry Star offices in London.
Following a lull in August investment volumes, the capital deployed in September rose 167% to reach £5.1bn meaning total investment volumes for the year to date stand at £38.7bn