The Property Market Of London
With a robust demand and an upsurge in rental growth, the commercial property in London is in an all time high considering that 80% of the 52 billion pounds worth of equity is supposed to be focused on the commercial property market of the UK. According to the commercial real estate services firm Jones Lang sale, the staggering figure of 52 billion pounds may find its origins from the strong Asia pacific markets investors who will not shy away from trying their hand to the point of dominance, on the property market in London. The Middle East investors will have to content with playing second fiddle to their Asian pacific counterparts.
The overseas investors do make a substantial contribution in the London property market with the year 2010 alone posting a 68% of the 5 billion pounds investment from the foreign investors.
A replica performance was detected in the west end city which posted 62% of the 5.02 billion pounds worth of investment being traced in the foreign investment link. On average, the entire performance of the UK commercial property market attributed 63% to the foreign investors.
This remarkable figure must have had a driving force so to speak and this could be related to low lending rates, a lesser sterling pound strength as well as more availability of prime lands. The above factors can only serve to ensure that the future of foreign investment in the London’s commercial property is punctuated by an upbeat performance. The Asian nations that are largely expected to inject more capital expenditure in this industry include China and Indonesia.
A major concern has however been raised regarding the weak performance of the property market in London lately. But with the prospects of lending giving a positive indication, this trend is bound to change.
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