For the first time in about 2 years, central London has seen British investors and property buyers overtake those from overseas areas during 2015’s first 3 months for Westwood Ave EC.
According to the most p to date data research by CBRE, investments by global property buyers have carried on quite strongly for office properties in the Central London area. For the 1st quarter of 2015 transactions were made worth £3.1 billion, a figure that is up from 2014’s 1st quarter £2.9 billion. However, this recent figure is down by about 55% for 2014’s last quarter where transactions were recorded at £6.8 billion for Westwood Ave EC Koh Brothers.
Westwood Avenue EC by Koh Brothers
Furthermore, there was higher activity in investments coming from UK investors in comparison to those from overseas, with the UK representing 51% of transaction values, whereas non-UK investors made up 49%. It is the first time since 2013’s 3rd quarter that British investors surpassed investors from overseas, where in 2013 UK investors for Westwood Ave EC accounted for investments at the same percentage rate.
For 2015’s 1st quarter it was money from North America that dominated the foreign sector of JCube Condo investments at a value of £641 million. Asian investors came in 2nd place with £443 million in investment values. During the quarter Asian investor’s acquisitions spent a total of £10 billion on offices in Central London since 2013, a figure that was the same value as their expenditures in the 23 years preceding for Westwood Ave EC.
Westwood Residences Executive Condominium
Executive Director of Central London Capital Markets, Simon Barrowcliff, pointed out that the rental growth situation for Central London still makes a fascinating opportunity for overseas and domestic property buyers alike for Westwood Residences.
This is the first time in over 18 months where UK money backing transactions has surpassed transactions that were backed by investors from overseas, a point that may indicate the level of optimistic outlooks relating to growth that exists domestically.
Westwood Residences Singapore
Mr. Barrowcliff further pointed out that, in the whole of 2014, UK investors in Westwood Ave EC made up only 31% of total transactions.
Investor’s have been compelled to look for better returns in London and other areas as a result of a continuation of domestic weakness in some markets and deregulation in others, which accounts for Asian’s growing zeal for London.