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Commercial property agents in Central London have seen a rise in the number of overseas investors over the past few years: from North America, the Middle East and Germany.
While Europe still faces some unprecedented challenges and the Middle East remains largely unsettled, Central London will retain its status as a resilient market: ‘’Overseas investors are looking for a market which is more stable than their home market,‘’says Tom Lax, surveyor at Morgan Pryce.
Steady rise in investment in 2012
According to recent studies, commercial property agents who deal with offices in Knightsbridge have seen a 71% rise during 2012 in overseas investors in the area, many of whom originate from the oil-rich Middle Eastern countries. With their domestic residential property legislation changing every year, foreign investors may now be seeking a more secure and stable approach by investing in commercial properties in Central London.
Morgan Pryce is a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.