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Europeans flock back to buy London property

Acquisitions stack up as confidence increases and investors resign themselves to the UK quitting the EU

Published Wed, Apr 26, 2017 · 09:50 PM

London

EUROPEAN investors who shunned London's commercial property in the run-up to the Brexit referendum are flocking back as the weak pound cuts prices and electoral uncertainty on the continent makes the UK seem a good place for buyers to spread their bets.

Investors from Europe ploughed £1.7 billion (S$3 billion) into the capital's offices, shops and warehouses this year through April 18, accounting for 31 per cent of the market, according to Savills plc. That's up from £824 million and 14 per cent in the same period of 2016.