A growth in the number of international buyers
active in the UK property market
is expected to bolster the region's real estate market, it has been suggested.
Despite being hit hard by the recent financial crisis, the sector is expected to recover strongly, with demand for property in prime locations helping to speed up the overall recovery process.
Midas Estate suggested that British banks are to get advice from international financial institutions on how to lend to customers without getting into serious financial difficulties.
"We are working with property investors throughout Asia, where they can make the most of the exchange rate and our experience at sourcing prime property at the right price," Ian Clarke, managing director of the firm, said.
It follows a recent survey by CB Richard Ellis which found that investment in European retail property has hit its highest level for three years. The consultancy noted that the asset class has clearly outperformed other sectors within the region's commercial real estate market.
- Thursday 28 April 2011