Quotes: US 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
 Sep 15 2014 - UN Calls for More Funding to Humanitarian Efforts in IraqQatar News Agency
(MENAFN - QNA) United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Valerie Amos said Monday that the international community must allocate more finances ...

 Sep 15 2014 - Allawi Urges Iraqi Government to Devolve Power to ProvincesQatar News Agency
(MENAFN - QNA) Iraq's Vice President Iyad Allawi has urged the federal government to give wider powers to the provinces. In a media statement Allawi said, "We need to create a new political ...

 Sep 15 2014 - Summary of Sunday Local News ReleasedQatar News Agency
(MENAFN - QNA) A summary of local news released Sunday by Qatar News Agency. - HH the Emir Sheikh Tamim bin Hamad Al-Thani met here today at his Emiri Diwan Office with Lebanese Prime Minister ...

 Sep 15 2014 - Summary of Sunday Local News - 1Qatar News Agency
(MENAFN - QNA) - Prime Minister of the Lebanese Republic, Tammam Salam, left Doha this afternoon concluding a visit to Qatar. The Lebanese Premier and the accompanying delegation were was seen off ...

 Sep 15 2014 - Summary of Sunday Local News- 2Qatar News Agency
(MENAFN - QNA) - The State of Qatar participates in the Global Infrastructure Conference due to be held in the Republic of Korea on 17 -19 September. Qatar's delegation is headed by Minister of ...

 Sep 15 2014 - Woman incarnate Brigitte Bardot hits 80Khaleej Times
(MENAFN - Khaleej Times) The real life Bardot may have long abandoned the limelight but for legions of fans she is still a feminist idol Carefree sensuality oozed from every pore as Brigitte Bardot ...

 Sep 15 2014 - My whole life is a holiday: Salman KhanKhaleej Times
(MENAFN - Khaleej Times) Salman Khan opens up about his charitable side and why he makes a conscious effort to repeat his clothes.Salman Khan made a fleeting visit to Dubai last Wednesday to promote ...

 Sep 15 2014 - Comparisons are really unfair: Priyanka ChopraKhaleej Times
(MENAFN - Khaleej Times) Now a section of people are talking about the disparity between the incomes of Priyanka and Mary Kom.Indian Bollywood film actress Priyanka Chopra reacts during a promotional ...

 Sep 15 2014 - The Simpsons toast 25 years with songs and starsKhaleej Times
(MENAFN - Khaleej Times) The program featured music stars and reminiscences from TVs longest-running scripted show.In this photo provided by the Hollywood Bowl Yeardley Smith Hank Azaria and Nancy ...

 Sep 15 2014 - Iconic Davis Cup silverware to go on display at The Dubai MallKhaleej Times
(MENAFN - Khaleej Times) Organisers have called upon sports lovers to make use of this unique opportunity of having one of the oldest sporting trophies right here.Dubai — Tennis aficionados in ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help