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 far surpasses the second-highest investors by continent, the Europeans, who invested 14 per cent over the same period of the most recent six quarters. These stats are coming from data compiled by Datscha UK, a provider of property research intelligence.
Lesley Males, head of research at Datscha UK said “London is the financial capital of the world. I don’t think that will change with Brexit. The initial fear was there but demand has gone through the roof again.”
The factors likely to be contributing to this interest are strong global growth coupled with favourable exchange rates resulting in relatively cheap London property.
Males also added: “Asians see the potential in London, with commercial property prices holding values.”
These statistics are fresh evidence of a growing interest from the east in London’s high-end property market, covering both residential and commercial buildings.
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