London real estate market stalls, except for top-end commercial property
The Lawyer reports: In the first six months of 2011, $12.3B was invested in London offices, retail, and multi-family properties, according to the mid-year Global Capital Trends report provided by Real Capital Analytics. This London total was more than any other city worldwide; according to the Global Capital Trends report, over 180 significant ($10m+) properties were sold in London, representing a 19% increase year on year. But following the August 2011 riots, it seems only the highest of high-end trophy properties are attracting investment.
A major component of this year’s growth has been the influx of capital from Asian and Middle Eastern investors, along with some German, Spanish, and American capital filling in the gaps. But these investors are looking for the safe haven that London provides, and are often partnering with a local investor to further hedge their bets.
Alternative investments may prove significant in coming months as investors seek to diversify; student housing and residential portfolios are rumored to be targets.
View the full article on The Lawyer: London real estate market stalls, except for top-end commercial property
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Posted by: Kevin Imboden