Thursday, December 23, 2010

London Property Leads World as Rising Rents Lure Money

London Property Leads World as Rising Rents Lure Money

London’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.

Posted by karma4all @ 11:26 AM (1104 views)
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3 thoughts on “London Property Leads World as Rising Rents Lure Money

  • sibley's b'stard child says:

    “London’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.”

    I got as far as the first paragraph and skim-read the rest. Is it just me or does the word ‘probably’ undermine the whole article?

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  • Sib’s – it probably does

    On a more serious note many of the top rated UK fund houses/managers are avoiding commercial property at present.

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  • Yes its a bargain, what with all these vacant well paying positions and the government finally cracking down on £900 a month rent benefits for the unemployed.

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