Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Middle East buyers drive London property market says CBRE report  Join our daily free Newsletter

MENAFN - Khaleej Times - 02/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) London continued to attract the attention of middle eastern investors as investment increased from 7

The uk capital recorded the highest ever yearly total seen in europe for a single city in 2013 to cement its position as the region’s number one investment destination. outside of london middle eastern investors spread their capital across the continent namely in dusseldorf and paris and to a growing extent some of the recovering southern european markets as well as russia.


Nick maclean md of cbre middle east said: “property markets and commercial real estate in particular across germany and the uk is witnessing the strongest growth since the financial crisis and we anticipate further commitments from middle eastern investors in the future. london in particular is capturing the lion’s share of capital mainly attributed to its transparent legal system stable political and economic environment and above all liquidity – key factors in attracting investment.”


“london had a phenomenal year with the total value of investment reaching pre-global financial crisis levels. looking forward to 2014 it is unlikely that the market will repeat this performance. although cross-border investor demand particularly from asia is getting even stronger there are constraints on the supply side that will probably limit investment activity” simon barrowcliff executive director central london capital markets cbre noted.


Both middle eastern and asian investors recorded their highest ever annual total of european real estate investment with nearly €10 billion worth of transactions each in 2013. a strong finish to 2013 took total commercial real estate investment volume in europe to €165.6 billion an increase of 30 per cent on the previous year’s total. the q4 2013 total of nearly €61 billion was the highest quarterly figure recorded in europe since q4 2007. the final quarter of the year normally sees the highest level of investment but the activity seen represents significant acceleration in the rate of growth. despite the strong growth in total investment activity in 2013 the average deal size recorded remained essentially unchanged at €27 million.


Average deal size has been rising very slightly over the last few years but on the whole the increase in total investment volume has been achieved mainly through an increase in the number of transactions. buyers from asia accounted for 22 of the transactions over €100 million and recorded an average lot size of €126 million. this was only just ahead of buyers from the middle east who accounted for 21 of these largest transactions and had an average lot size of €120 million.


— business?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Apr 26 2015 - UAE sends SAR team to rescue survivors in Nepal's devastating quakeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and instructions of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

 Apr 26 2015 - Al Owais represents UAE in centenary of the Armenian genocideEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Abdul Rahman bin Mohammed Al Owais, Minister of Health, today returned back home from Yerevan, capital of Armenia, after representing the UAE in the ceremony ...

 Apr 26 2015 - Hamdan bin Zayed instructs Emirates Red Crescent to provide urgent relief to NepalEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and instructions of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

 Apr 26 2015 - Fujairah Gladiators win top prize in UAE Innovation Challenge 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) After months of hard work, anxious test flights, and fine tuning of aircraft, the winners of UAE Innovation Challenge 2015 have been announced at an official ...

 Apr 26 2015 - NUSSLI says proud of constructing Kuwait's pavilion at Expo Milan 2015Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait awaits a "spectacular" and eye-catching presence at the upcoming 'Expo Milan 2015' next May 1 as work in the Kuwaiti pavilion is almost finished by the ...

 Apr 26 2015 - Kuwait's bourse witnesses gainsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait Stock Exchange's (KSE) indices collectively posted gains for the second consecutive week, buoyed by a purchasing trend by traders in both blue-chips and ...

 Apr 26 2015 - Kuwait to portray its unique experience of developing a state in hard climateKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Thousands of people from Europe and rest of the world will be accorded the chance to get acquainted with Kuwait's unique experience of coping with hard weather ...

 Apr 26 2015 - OIC to convene extraordinary ministerial meeting on YemenKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Following the end of the Operation Decisive Storm, the Organization of Islamic Cooperation (OIC) decided to hold an extraordinary meeting of the Council of ...

 Apr 26 2015 - UNSC urges all parties to end violence in SyriaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Security Council demanded on Friday all parties to Syrian domestic conflict to immediately put an end to all forms of violence, and importance of complaying ...

 Apr 26 2015 - US still providing logistical support to Saudi military activities in YemenKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The United States continues to provide some logistical support to the ongoing Saudi military activities in Yemen, White House press secretary Josh Earnest said on ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help