Middle East investors retreat from western property deals | Financial Times

Middle East investors retreat from western property deals | Financial Times:

Middle Eastern investment into western commercial property fell more than a third last year as lower oil prices and concerns over Brexit stifled demand.

Regional investment into the US and Europe fell 36 per cent to $5.8bn in 2018, compared with $9.1bn in 2017, according to data from JLL, a real estate consultancy.

“This is the most significant drop in the past 10 years,” Fadi Moussalli, an executive director at JLL’s International Capital Group, told the Financial Times. “We are back to the year following the global financial crisis.”