London’s Better than Paris, Berlin and Moscow
Written on 05 Oct, 2011 at 07:08 by Ulyana Chernyak
The latest research by CB Richard Ellis suggests that London is 5 times more popular among property investors than other European cities.
As such, in the past year and a half, non-European investors injected as much as 21 billion pounds in British and European property; of these, over 8 billion (or 39%) were invested in London houses and apartments. The second place in this list was taken by Paris, which saw almost 1.7 billion in investment (5 times less than London!). These European capitals were followed by Berlin, Moscow and Frankfurt, each of which saw a 630 million pounds investment.
In the opinion of Peter Damesick, "London’s attractions for global real estate investors reflect a powerful complex of attributes, including its status as a global financial centre; the size, depth and liquidity of its investment market, its openness and transparency and the advantages of its lease structures for investors."
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