It is common knowledge that London’s market is drenched with overseas investors making up more than 75% of the market share. It is now being seen that investment in the rest of the United Kingdom is also becoming increasingly offshore based. In the last decade the level of overseas ownership in just commercial property has increased by £129% for all of Britain! It has now reached a stunning high of £94 billion’ worth of commercial assets are owned by an overseas investor.
There are multiple reasons for why we are seeing this and Teresa Beatty, surveyor at Morgan Pryce, says that “The overspill of demand to invest in London is being pushed into other areas of Britain”. This can be seen by the figures for the southern part of Britain which has the highest increase of International investment.
It is predicted that we will continue to see further foreign investment in the wider UK area, which will in turn boost the economy. This provides a platform for further economic growth throughout sectors. The international investors are coming from all corners of the globe but particularly Far East Asia and Europe. However, in Northern Ireland it is very much US investor dominated.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.
