Despite a challenging year, investment turnover in London’s commercial property market recovered during the final quarter of 2019, with preliminary numbers showing a 15 percent rise in the third quarter, to almost £2.8 billion (€3.3 billion/$3.65 billion), according to global property agent, Knight Frank.
Nick Braybrook, head of London Capital Markets, said, “Investors have been circling the market in increasing numbers over the last few months, with international capital drawn in by attractive yields and the currency discount compared to other global cities.
“London’s perceived risk profile has improved tremendously through the second half of 2019, whilst geopolitical tensions in markets from Asia to the Middle East have eroded their relative attractiveness boosting the appeal of London. Pricing is going to rebound strongly in 2020, as the reduced risk is combined with stock shortages and a strengthening occupier market.”
Faisal Durrani, head of Lo
