There has been a sharp rise in amount of money Asian investors, particularly from China, are investing in London’s commercial property market despite Brexit.
The weaker pound and political uncertainty in Hong Kong, which has left many investors wanting to diversify their portfolio by acquiring property abroad, has helped to fuel investment in London’s commercial property market, which has more than trebled since before Britain voted to leave the European Union.
CBRE real estate group reports that a lot of the money is being channelled through Hong Kong at a time of heightened political uncertainty, with investors from Hong Kong acquiring some of the capital’s best-known skyscrapers including the Cheesegrater and Walkie Talkie.
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment