Foreign property investment firms will be attracted to UK assets for some time, due to the weak domestic economy.
The weak domestic economy will make UK commercial property an attractive option for international
property investment firms.
This is the view of Hugh Best, the head of investment management at London Central Portfolio, who feels that the UK property sector is set to struggle for some time.
Across the country capital growth rates for
commercial development assets have been slowing - even in the normally robust London prime market, Mr Best claims.
With sterling remaining weak and the international economy as a whole improving, foreign investors at set to find conditions here to be very favourable.
"In many ways, a weak domestic economy will assist international investors buying in London central by keeping base rates at historic lows and continuing to suppress sterling," he said.
Global property investment has "returned from the doldrums" according to the latest research from Jones Lang La Salle.
The real estate agent found a 74 per cent increase in activity levels in the sector during the last 12 months.
Posted by Tess Nelson
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