South Korean property investors are suffering from "indigestion" after snapping up 3.7bn ($almost £2.8bn) in London deals during Q1 2018, with just £527m spent so far in 2019, a far cry from the five-year, Q1 average of £almost £2.8bn, according to CBRE. Among the reasons cited for the shortfall were Brexit's impact on sterling, an unfavourable domestic currency hedging environment and delays in selling down completed deals to other investors back in South Korea.
South Korean property investors are suffering from "indigestion" after snapping up almost £2.8bn ($3.7bn) in London deals during Q1 2018, with just £527m spent so far in 2019, a far cry from the five-year, Q1 average of £3.7bn, according to CBRE. Among the reasons cited for the shortfall were Brexit's impact on sterling, an unfavourable domestic currency hedging environment and delays in selling down completed deals to other investors back in South Korea.