There is no anticipated slowdown in the strong demand for UK property from Asian Investors, according to experts at a recent Britcham conference in Jakarta.
The conference, which saw experts from JLL’s International Capital Group and International Residential Sales team up with Trowers and Hamlins and the British Chamber of Commerce in Jakarta to look at both commercial and residential real estate investment into the United Kingdom, highlighted the continuing strength of interest from Asian investors across office, retail, hotel, industrial and high-end residential markets.
Commercial markets across the UK are set to perform strongly in 2014 on the back of an improving economy and a resurgence in occupier demand across all the sectors. With few new developments since the Global Financial Crisis, this demand is driving above average rental growth as occupiers are left with fewer choices. In the Residential market, values have recovered strongly from the low point in 2009, especially in Central London where overseas investors have been particularly active, especially in regards to buying new build stock.
This overall positive sentiment is serving to entice investors from both Asia and the rest of the world into the UK market, with the regional cities set to benefit from the growth emanating from London.