There has been a lot of doom and gloom reported around the second quarter of 2019 investment numbers for London. And understandably so, given there was only £1.5bn of transactions completed, compared with £4.7bn for the same period last year. This is 60% below the long-term average, and the lowest level of investment turnover since 2010.
The Brexit uncertainty is largely to blame, of course, with many overseas investor groups taking a wait-and-see approach, mainly due to currency volatility. However, there are four reasons this market weakness will be short-lived. 1)
The London office leasing market is in remarkably
Access the full EG article for free
Find Out More
Register now and read two complimentary EG articles in full every week and discover why EG’s trusted real estate intelligence is essential for your business