International investors continue to dominate the London property market with transaction volumes reaching a staggering £13.4 billion so far in 2017, registering an increase of 23 per cent over the corresponding period in 2016.

Data released by international real estate adviser Savills reveals that buyers originating from more than 27 different countries are active in Central London’s office investment market and have pushed transaction volumes to significant levels, 35 per cent ahead of the 10-year average till date this year.

There have been record levels of investment from Hong Kong buyers (£4.5 billion invested in central London in 2017 year to date) and those from mainland China (£1.07 billion).

A resurgence in demand is seen from German as well as the UK investors, who have deployed £2.05 billion and £2.4 billion into central London commercial real estate respectively. By comparison German investors spent less than £250 million on Central London offices throughout 2016, while UK buyers accounted for only £1.2 billion.

These transaction volumes show that London property market continues to remain an attractive destination for international investors, who have received favourable returns in the long term. The investment in London’s commercial property market is expected to reach one of the highest in recent times.