These might be uncertain times as the Brexit negotiations get underway, but it seems London retains its attractiveness as an investment hotspot.
London was recently ranked as the number one choice for investors in the CBRE’s 2017 EMEA investor intentions survey (that’s EMEA as in Europe, the Middle East and Africa).
To the question of which individual city was the most attractive for investment London took the top spot, with 17 per cent or respondents making it their first choice. Remarkably the UK capital holds on to this position for the sixth consecutive year, underlining its attractiveness as a consistent performer.
The UK as a whole came in second to Germany, scoring 20 per cent of preferences compared to 22 per cent for Germany. Interestingly this marked an improved performance for the UK, with high liquidity and transparency given as the reasons behind the preference of investors for both countries.
Notably too the preference for UK residential investment showed a big increase in 2016, and that preference solidified in 2017 at 13.4 per cent.
Real money sits behind these figures, since the research was carried out among investors with a total of $475 billion to place in real estate assets in 2017. London’s strong performance can only give confidence in the long term prospects for the property market here, whatever may happen politically.
The full report is available from the CBRE’s website.
By Jaimie Beers
Jaimie Beers is Managing Director of Madley Property.