Thursday, December 23, 2010
London Property Leads World as Rising Rents Lure Money
Londonâ€™s commercial property market has probably drawn the most investment for the second consecutive year as prospects of rising rental income attract cash from as far afield as Hong Kong, Qatar and Canada. The gains have been mainly limited to the capital, RCA data show. Elsewhere in Britain, concern about the impact of government spending cuts to reduce the national debt has held back property investment. Perhaps no suprise here, in general commercial property took it on the chin & trophy properties will retain their appeal amongst the tier that need to park large amounts of capital.