Asian investors spend £4bn on London property

Asian investors are continuing to buy up London’s commercial property, taking advantage of sterling’s weakness and looking beyond mounting economic uncertainties. Undeterred Asian firms spent more than £4bn on property in the capital in the first six months of 2017,...

Third of all retail investment being spent on retail parks

Around £3.6bn has been invested into the UK retail real estate sector so far in 2017, with a third of that being spent on out-of-town retail assets. Since the start of the year, £1.2bn has been spent on retail parks in the UK, with £847m invested in shopping centres....

Overseas investors form majority of central London investment

A record 81% of investment in central London has come from overseas investors so far this year, according to Savills research. The rise from 72% last year came as investment reached £7.2bn by the end of May – up 0.3% year-on-year and a sign that total annual figures...

Money laundering rules a headache for auctioneers

Property auction leaders have warned that new money laundering rules could be “a nightmare” for the industry. The Money Laundering Regulations 2017 require auctioneers to carry out more rigorous checks to verify the identity of buyers, as well as sellers, and to check...