As international property investors become more risk averse,
many buyers are finding that the UK commercial market is increasingly attractive.
Savills claims that global investors have been showing a lot more interest in the asset class in recent months, with prime property proving the most popular purchase.
"The combination of Portugal finally going into a bail-out, the problems in Japan and the general lacklustre economic recovery in many parts of the world mean that investors have suddenly become much more risk averse again, which favours the UK market," he noted.
However, despite the rise in interest in UK commercial real estate
, regional differences exist in the country.
Jones Lang LaSalle recently released figures which show that the UK, along with Germany, has been one of the most popular destinations for investment in the first three months of the year. The consultancy noted that of the EUR 8.04 billion worth of sales completed over the course of the quarter, 77 per cent of all activity took place in the two nations.
The firm added that shopping centres were the most popular asset class among buyers, with the investment accounting for 60 per cent of total retail volumes over the period.
- Friday 06 May 2011