Foreign money seeks London property
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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