The attractions of central London for overseas investors were underscored in data showing commercial property sales of £2.75bn for the first three months of the year, more than two-thirds accounted for by international buyers.
Foreign buyers made up 71 per cent of the sales figure, reinforcing London’s status as a property market favourite among US, Middle Eastern and Asian investors.
But the total value of transactions fell by 31 per cent on the previous quarter, when it reached £3.98bn, according to figures from Cushman & Wakefield, the property advisory group.
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