Thursday, 8 March, 2012

London property ownership moves offshore as Asian buyers move in

Last year The Telegraph, citing research from Jones Lang La Salle, confidently predicted that buyers from Indonesia, Thailand, Taiwan and China would be the latest to target UK commercial and residential property deals and much of the evidence suggests they have been right.

The global financial crisis has certainly affected risk appetite, but safe havens such as London have continued to see an in-flow in prime property purchases by commercial and residential buyers from Asia, with a large percentage of buyers in the residential property market being made up of Asians who are attracted by the weak pound and rising rent opportunities. The picture is a complex one.

Penny Borny (Marketing Manager, Vistra Jersey)  explores the London property market as Asian and International buyers move in.

To read the full article, please click here.

For more information, please contact Penny Borny on + 44 1534 504702