London property still safe haven as Milan deals plummet

The UK’s impending departure from the European Union has not deterred property investors so far from stashing their cash in the capital. In fact, in 2018, investment in London property hit €30.6bn (£26.8bn), which is 21% above its 10-year average of €25.3bn, according to data from CBRE. Investment levels rose 13% compared with 2017. Its closest European rival, Paris, saw investment volumes reach €23.5bn, which is 46% above its 10-year average, and up 14% on the previous year. Spain’s growing economy is also drawing attention from investors, pushing total investment volumes in Madrid in 2018 to €6.5bn, up 69% on