Foreign investors show confidence in UK property

Foreign investors show confidence in UK property

According to a leading estate agent, foreign investors have shown their massive support for Britain’s economy – and its property – by investing a mind blowing £7bn in commercial property.

The estate agent revealed that they dealt with a lot of commercial property deals in and around London during the first half of 2017 and realised that 78% of buyers came from overseas.

Manchester attracts largest number of foreign investments in a decade

Executives explained that, while Brexit made the country’s future slightly less certain, the UK is still seen as a secure place to store your money.

One of the biggest successes included the sale of one of London’s most famous buildings, the “Cheesegrater”, which went for £1.2bn to a firm based in Hong Kong.

In London’s West End and St James’s Square alone there were ten deals worth £100m or more. Chinese investors bought three properties worth £523 in the capital single handedly.

London’s commercial property sector attracts record investment in first quarter

The estate agent also explained that the company’s biggest growth came – somewhat unsurprisingly – from Asia, as revenue from there climbed up by 26%, to £263.5m.

The only region that beats Asia in sales is the UK itself, as the agent saw a revenue of £274.2m from investments coming from their home country.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT