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London commercial property "trophy asset" for foreign buyers
Business property in London may currently seem like an attractive prospect for foreign buyers, it has been claimed.
According to Andrew Teacher, media manager at the British Property Federation, such investors are already looking to take advantage of the market.
"Ultimately, trophy London assets are trophy London assets whether you are in a downturn or not and people will always want to own them," he explained.
His comments follow recent findings from the Investment Property Databank, which said commercial property capital growth rose by 0.5 per cent in May.
Mr Teacher warned the present interest rates "will not last forever" and the Bank of England is expected to introduce an increase when inflation picks up.
On June 13th, a report from Jones Lang LaSalle found Qatar would become the world's largest overseas property investor this year.
The country, which is particularly drawn to overseas assets, is expected to expand its real estate portfolio, it was claimed.
Posted by Tom Baker
According to Andrew Teacher, media manager at the British Property Federation, such investors are already looking to take advantage of the market.
"Ultimately, trophy London assets are trophy London assets whether you are in a downturn or not and people will always want to own them," he explained.
His comments follow recent findings from the Investment Property Databank, which said commercial property capital growth rose by 0.5 per cent in May.
Mr Teacher warned the present interest rates "will not last forever" and the Bank of England is expected to introduce an increase when inflation picks up.
On June 13th, a report from Jones Lang LaSalle found Qatar would become the world's largest overseas property investor this year.
The country, which is particularly drawn to overseas assets, is expected to expand its real estate portfolio, it was claimed.
Posted by Tom Baker
Wed, 16th Jun 2010