The City of London property market is seeing a boost of investment from Asia, with the amount spent on office blocks by South Koreans about to reach a record high. They are expected to have invested £3 billion by the end of this year, according to Savills, the property consultancy, making them the largest foreign buyers. [...]
Flexible office space in Seoul has seen rapid expansion, with coworking leading the change according to CBRE Korea's latest report. The past three years have seen the rapid growth of flexible office space in Seoul. In 2016 the volume of occupied space surged by more than 350% y-o-y, primarily due to the entry of several major [...]
The UK’s capital city is No. 1 again for overseas commercial property investment. A looming Brexit has not impacted the appeal of owning commercial property in London, with the city regaining its top spot as the number one destination for international investors. More investment came into the UK capital than Paris, Manhattan, Munich and Frankfurt combined. [...]
The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a news report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region. With 1.7 billion of the world’s workforce still [...]
The proptech sector is set to impact and disrupt traditional business operating models in the real estate sector. Proptech (short for Property Technology) refers to the numerous startups and new technologies cropping up in response to years of inefficiencies and outdated processes in the real estate industry. Mature economies in Asia Pacific such as Singapore, Hong [...]
New figures have revealed that over half of all commercial property purchases in London come from Asian investors. Middle East investors had previously been the biggest property buyers in the UK capital, but with 57 per cent of commercial properties in the Square Mile being bought by Asians, they have swiftly taken the top spot. This [...]
Stats from the recently released JLL report highlight how real estate markets have kicked-off 2018 on a high note. While 2017 ended strong, 2018 has gotten off to an even better start for the commercial property sector, with $165 Billion invested into worldwide commercial assets in Q1. This represents the highest Q1 level in 10 [...]
Hackney has topped the list of the ‘Top 10 highest rent growth areas in London’, with a higher asking-rent increase than anyone else in Britain. New stats show how housing prices in the Hackney area of London have skyrocketed, with an average 2 bed flat commanding £700 more today than it did 10 years ago; an [...]
New research from Easy Offices shows London is holding steady as Europe’s leading startup economy, despite uncertainty around the consequences from the Brexit vote. The British capital is ahead of Paris and Berlin, as Europe’s epicenter for fast-growing companies. In 2017 alone, £5.3billion was invested in startups in London; heavily supported by the vibrant startup scene [...]
The interest and demand in coworking spaces has been increasing over the last number of years. This rise in alternative ways of working, combined with the growing demand for coworking facilities, has led to a drop in applications to build new offices in the UK. The number of new office buildings being built has fallen 56% [...]
