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London has long been the City of utmost desire, and it comes as no surprise that not only London’s office space, but also the residential properties are in high demand and set to rise further, particularly from Middle Eastern buyers. The areas of prime interest for the Middle Eastern countries are areas such as Bayswater, Marylebone, Regents Park and Hyde Park.
According to a recent article, the City of London as a whole has attracted more overseas buyers and investment than any other city in the world, now ranking higher than the likes of New York. Research has shown that 52% of City offices have overseas owners, up from 8% in 1980 and 40% in the middle part of last decade.
Morgan Pryce believe that the main reasoning behind London’s success is due to the increased potential returns and the liquidity that the city has to offer in comparison to others.
The team at Morgan Pryce are keenly analysing the success of London’s commercial property market and look forward to welcoming potential clients to the capital.