Further the previous blog we have more figures supporting the fact that the UK property market or London at the very least is performing most admirable despite Brexit.
According to the latest figures from Cushman & Wakefield, nearly 9 billion GBP was invested into commercial property in the capital in the first half of 2017.
In the first 6 months of 2016 this figure was 7.75 billion GBP.
That is an 18 percent increase on the same period last year.
46% of the 8.83 billion GBP UK property investment was from the far east.
- CC Land of Hong Kong purchased One Kingdom Street and “The Cheesegrater” building.
- China Resources land purchased 20 Gresham street.
- Singapore based Ho Bee Land bought 67 Lombard Street.
This is the most active investment period from the Far East since 2012.
Brexit is not quite the UK property Armageddon that people were predicting, not according to these figures anyhow.
‘There are push and pull factors behind all global capital flows, so the recent high-profile visit to Hong Kong by the Chinese President to mark the 20th anniversary of the handover is a timely reminder of the region’s impact,’ says head of London capital markets at Cushman & Wakefield, James Beckham.
There has also been increased interest in property investment in the UK capital from investors hailing from Germany.
- Deutsche Asset Management purchased 2&3 Bankside for 310 million GBP
With the Brexit negotiations still ongoing and trade agreements to be reached it is too early to say if this types of figures will still be around at the end of the negotiations, only time will tell.
One thing is for sure though, and that is right now it could not be a better time to invest into the UK property markets.
For more information on UK property investment visit www.devdosh.com today.