Regional investors have doubled their share of property purchases in the UK capital in the three years to last year to about 12 per cent of all overseas investment, according to CBRE, a property services company. The trend is expected to push the price of prime property higher as sovereign wealth fund (SWF) purchases are fuelled by a strong oil price.
At the same time, the expanding middle class in many regional economies is creating bigger pension pots seeking the long-term investment yield offered by UK property, where commercial leases often run to 25 years.
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