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Foreign money seeks London property

Financial Times
Foreign money seeks London property - UK - property - London


The flow of foreign money seeking a home in London’s commercial property market means the capital now accounts for a third of total European investment transactions, new figures reveal.



Investors have spent almost £30bn buying UK offices, shopping centres and distribution warehouses in 2012, according to data from CBRE, the property services group.

The extent of London’s dominance is shown by the capital accounting for roughly three-quarters of UK transactions by value, more than the total for any other European country.

The £7.3bn of deals recorded in London in the three months to the end of October represented almost a third of all transactions across the continent, CBRE said, as more foreign investors regard the capital as a haven for their cash.



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