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Global property investment hits record high thanks to Asian spending spree

Global investment in real estate reached a new record high of $1.62 trillion (£1.17 trillion) in 2017, with Asian money making up more than half of all the capital spent.

London persisted as the most sought-after destination for international cash as any concerns about Brexit were offset by a fall in the value of sterling, a new report from property agency Cushman & Wakefield found.

On an annual basis, the amount of money spent on property across the world increased by almost 13.3%, with Asian investors in particular increasing their exposure to most markets.

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