Not even Brexit can dent the appeal of owning commercial property in London

Not even Brexit can dent the appeal of owning commercial property in London, which has regained its status as the top destination for international investors. Foreign buyers led by Hong Kong billionaires and Korean securities firms spent more on the U.K. capital’s offices in the first half than in central Paris, Manhattan, Munich and Frankfurt combined. The weak pound is making London a bargain compared with cities in Europe, many of which have undergone their own property booms. This, together with a wave of money leaving Asia in search of a home, has helped London cement its position as the No. 1 city for real estate investment from overseas. It’s a rare bright spot in Britain’s ongoing divorce from the European Union, which has seen investment dry up and economic growth slow as the risks of a no-deal exit mount.

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