London grows to third-largest investment market
Expo Real 2018: London overtook San Francisco as the third-largest property investment market in the world in the first half of 2018, with a 12% jump in total investment to $35.4bn (£27bn).
The UK capital retained its status as the most attractive destination for cross-border investment, drawing in just shy of $25bn from overseas, according to Cushman & Wakefield’s Winning in Growth Cities report.
But Hong Kong is quickly catching up to London. The city, which was the 14th-largest target for international investment in H1 2017, jumped to second place this year with $13.7bn of capital piling into the city.
Expo Real 2018: London overtook San Francisco as the third-largest property investment market in the world in the first half of 2018, with a 12% jump in total investment to $35.4bn (£27bn).
The UK capital retained its status as the most attractive destination for cross-border investment, drawing in just shy of $25bn from overseas, according to Cushman & Wakefield’s Winning in Growth Cities report.
But Hong Kong is quickly catching up to London. The city, which was the 14th-largest target for international investment in H1 2017, jumped to second place this year with $13.7bn of capital piling into the city.
New York, meanwhile, fell from second to sixth place as inward investment tumbled 31% to $9.2bn.
Property investment has risen across the globe, with each of the top 25 largest markets hitting at least $10bn of investment in the first half.
Carlo Barel di Sant’Albano, head of global capital markets at Cushman & Wakefield, said: “There is no shortage of capital targeting real estate across myriad geographies and risk profiles.
“Indeed, we are seeing many investors increasing their allocations to real estate and they are evolving their strategies to allow for variable supply and risk tolerances.
“These are the key factors determining whether volumes rise further still; given the current environment, volumes could exceed current levels by up to 2% next year.
“|This is likely to be led by global buying, but investors need to keep a close eye on structural shifts in the occupational market as both an opportunity and a challenge.”
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