Direct investment in European property increased by 12% in the first half of this year compared to the same period last year.
New research from CBRE released this week shows that total direct investment in European property stood at €113bn on 30 June. €38bn of transactions occurred in the UK, compared to €37bn in the same period last year.
Jonathan Hull, Executive Director in CB Richard Ellis’ European Investment team, said: “Central London has continued to play a significant role in the increase in investment turnover in the UK so far this year.
‘Of particular note during this period has been the high level of foreign buyers in Central London, which makes up approximately 70 per cent of the total. Although higher interest rates have had some impact on local investors who use debt to finance acquisitions, foreign buyers continue to see Central London as an attractive market, with Irish, Middle Eastern and Australian investors being particularly active.’