The UK property market is particularly appealing for international investors.
Summary:
- International investment in UK property reached £4.15 billion for the first half of the year
- This is 75% of the entire market
- Investment from the Far East rose by 166%
Investors from around the world are increasingly looking at the UK for their next property purchase, according to recent figures from BNP Paribas.
Its findings revealed London’s property market was dominated by international investors for the first six months of 2013.
Investment from overseas buyers reached £4.15 billion, accounting for 75% of the sector.
Richard Garside, Senior Director of London Investment at the firm, said: “All parties are attracted to London by the high quality of investment stock and the mature and transparent nature of our market.”
He stated that London appeals to both seasoned investors and those who are new to the industry from emerging economies.
BNP Paribas revealed investment from the Far East in London property grew by 166% during the second quarter of the year, totalling £1.04 billion.
Earlier this month, the organisation revealed the central London office market was faring particularly well, with take up of office space in the city rising to 1.71 million sq ft during the second quarter of the year, which is the highest level since the final three months of 2010.
Article by: Natasha Al-Atassi
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