27 March 2018
The London Report 2018
London’s economy remains resilient in the face of Brexit. Any job loss over the next two years as a result of the UK’s exit from the EU is likely to be off-set by new job creation. Central London occupational supply peaked in 2017 and is now falling. This will increase demand for pre-lets.
Meanwhile, London’s investment market saw transaction volumes rise 33% in 2017. Investors from Greater China were again forming the key buyer group for London. While investment was down from Chinese Mainland due to tightening capital controls, investment from or through Hong Kong accounted for 39% of all the money spent on London offices last year.
In 2018, new market entrants and favourable global pricing will drive investor appetite. Active capital remains dominated by requirements from Greater China, specifically Hong Kong, but also including increasing interest from Japan, South Korea and Singapore.
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