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
 Oct 26 2016 - Adionics successfully completes full salts extraction from different real produced water, for Oil & Gas industryMENAFN Press
(MENAFN Press) United Arab Emirates – 23rd October 2016 - While taking part in the ADIPEC Exhibition and conference 2016 in Abu Dhabi, Adionics is pleased to announce the launch of O&G SELECTEX, a ...

 Oct 26 2016 - Dubai Customs bags six awards at Ideas America 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th October, 2016 (WAM) -- Dubai Customs, DC, has won two golds, one silver, and three bronze medals at the 74th Ideas America 2016 Summit, held ...

 Oct 26 2016 - Spain's King invites Prime Minister to form new governmentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MADRID, 26th October, 2016 (WAM) -- The King Felipe VI of Spain yesterday invited, for the third time, the caretaker Prime Minister, Mariano Rajoy, to form ...

 Oct 26 2016 - DMCA launches new 'Maritime Dubai' initiativeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th October, 2016 (WAM) -- The Dubai Maritime City Authority, DMCA, has launched its new 'Maritime Dubai' initiative. Placed under the management of ...

 Oct 26 2016 - Historic win for UAE team at the 'F1 in Schools' World Finals 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- A team of students from Dubai picked up a coveted award in the finals of the international design competition, 'F1 in ...

 Oct 26 2016 - UAE Central Bank announces M2 increase to AED1200.2 billionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- The UAE Central Bank has announced that the Money Supply aggregate M2 increased by 1.4%, from AED1183.9 billion at ...

 Oct 26 2016 - Jordan and Belarus discuss ties ahead of joint committee meetingEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AMMAN, 26th October, 2016 (WAM) -- Jordan and Belarus have held political talks and discussed ways of enhancing relations in all fields ahead of a meeting ...

 Oct 26 2016 - Abu Dhabi's non-oil foreign trade soars to over AED84 billion in H1, 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- Abu Dhabi's non-oil foreign trade through various customs ports was AED84.349 billion, registering an increase of ...

 Oct 26 2016 - UAE Embassy takes part in opening of Euro-MENA meeting in MuscatEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MUSCAT, 26th October, 2016 (WAM) -- Khaled Al Tunaijai, Acting Charge d'Affaires at the UAE Embassy in Oman, has participated in the opening of The ...

 Oct 26 2016 - UAE- UN Secretary-General condemns terrorist attack in PakistanEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) NEW YORK, 26th October, 2016 (WAM) -- Ban Ki-moon, UN Secretary-General, has condemned a terrorist attack on a police academy in Quetta, claiming the lives ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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