London wins investors over despite Brexit pessimism
The total turnover from commercial real estate in central London for 2017 has just reached £19.6 billion. It seems like analysts, were too quick to get into negative predictions about the London market. More importantly, foreign investors’ interest in London is still going strong with major office and residential deals continuing in 2018.
Here at Copperstones, our clients have renewed their interest in London’s prime properties especially now that Brexit is finalized for 2019. It’s more than evident that Brexit talks will be long, encouraging investors and businesses to avoid radical plans for relocation. To be precise, commercial properties in the City and West London saw massive deals as 2017 ended.
The British government is quickly turning to “big” international players to ensure capital flow for the future. In his latest trip to China, British trade minister Liam Fox underlined that London will continue to welcome direct foreign investment.
International markets and overseas investors were harried to panic over the future of the capital’s market only to see for themselves that it is still business as usual in Europe’s most exciting metropolis.
Comparative risk and comparative return on investment are attracting international investors, who now come to London from 26 different countries.
The capital accumulates global capital from Hong Kong, Germany, the US, Switzerland, and the Middle East. Investors from the Middle East, such as Dubai and Bahrain are unstoppable when it comes to expanding their portfolio in London. According to CBRE’s the Middle East ‘In and Out 2017’ report, Middle Eastern investors spent Middle spent £1.28 billion on commercial London property between April 2016 and 2017.
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