London deemed ‘most attractive target’ for overseas investors | 5 October 2012
London has been named as the top investment target for ‘overseas high net worth individuals’ (HNWI) according to a new survey by Cluttons.
The international property consultant’s Private Capital Survey 2012 found that interest in London’s residential and commercial real estate assets has increased steadily over the last year, with 90 per cent of commercial transactions being attributed to foreign investors, thefinancepages.co.uk writes.
In the survey, 57 per cent of these investors said that London was their ‘top target investment class’. Eighty-six per cent of these already had some sort of tie to the UK – possibly a second home or that their children were educated in the city.
Furthermore, almost three-quarters of HNWIs said that they were planning to make an investment in London within the next three to six months.
In particular, investors from the Middle East cited London as their first choice; especially those residing in Bahrain, Dubai, Malaysia and Singapore.
Commenting on the survey findings, Cluttons’ senior partner, Bill Siegle, told propertywire.com: “This new survey…takes a unique insight into the live investment intentions of HNWIs across the Middle East and Asia Pacific regions.
“Quite remarkably, 43 per cent of these highly mobile investors state that their global financial crisis has had no impact on their view of London as a top investment target location.”
Written by Elizabeth Smythe on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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