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Bloomberg
European investors who shunned London’s commercial property in the run-up to the Brexit referendum are flocking back as the weak pound cuts prices and electoral uncertainty on the continent makes the UK seem a good place for buyers
to spread their bets.
Investors from Europe plowed 1.7 billion pounds ($2.2 billion) into the capital’s offices, shops and warehouses this year through April 18, accounting for 31 percent of the market, according to Savills Plc. That’s up from 824 million pounds and 14 percent in the same period of 2016.
While the UK has its own political challenges, the hazards are widely seen as predictable and priced in compared with the rest of Europe.
Opinion polls suggest that Prime Minister Theresa May’s Conservatives will significantly boost their parliamentary majority at the election that has been called for June, helping the premier negotiate a better settlement as Britain leaves the European Union.