Domestic and US investors are behind a 28% increase in central London commercial property investment during Q1 2019, which reached £3.2bn ($4.2bn) and beat the 2015 figure of £3.14bn for the same period, according to Savills. It said UK-based buyers accounted for £906m or 28% of investments and US ones for £1.43bn, or 45% of the total. The report also showed that UK residential construction was up by 12% year-on-year from January to March, with new homes being built at an average rate of 1,260 per month compared with 1,050 last
Domestic and US investors are behind a 28% increase in central London commercial property investment during Q1 2019, which reached £3.2bn ($4.2bn) and beat the 2015 figure of £3.14bn for the same period, according to Savills. It said UK-based buyers accounted for £906m or 28% of investments and US ones for £1.43bn, or 45% of the total. Savills cited tight supply in central London's office sector as the reason for the strong demand.