New research has found that almost half of the EUR 23 billion invested across international regions in real estate was in just five cities since the beginning of 2009. Out of these, London has been found to be the most active market.
CB Richard Ellis (CBRE) stated that more than a quarter of such investments took place in the UK capital, followed by Paris, New York, Sydney and Geneva.
London was also named as the most international market by the real estate consultant, with buyers of 27 different nationalities making purchases over the period. In particular, an ever-increasing number of Asian investors have looked to add prime residential and commercial property to their assets
Jonathan Hull, head of capital markets for Europe at CBRE, said: “As the market becomes more stable over the coming months, we expect that the major inter-regional investors will broaden horizons and that London will become less dominant as a destination for international capital.”
- Tuesday 05 October 2010