Beyond the fringe

Central London’s prolonged and unfettered reign as the darling of global real estate investment has come to an end. For now. In the aftermath of the global financial crisis it had mass appeal as a safe haven for international wealth and the place to live for domestic buyers. But in the run-up to the Brexit deadline the main players are opportunist funds picking off small sites from developers in financial difficulty where plans or construction have stalled. Meanwhile, in the mainstream market institutional investors, private buy-to-let landlords and owner-occupiers are scouring the city fringes and beyond for up-and-coming investment hotspots.