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June 2, 2008
International Interest in Commercial Investments in London
According to Reuters, investors should take advantage of the downturn in British commercial property prices to snap up bargains, research published by Bahrain-based Islamic investment bank Gulf Finance House supports this.
The UK has been a popular destination for Gulf investment funds but a property boom in recent years may have deterred some investors, GFH said:
“Until recently, we hadn’t considered UK property as an attractive investment area as the prices being paid simply did not make sense to us,” the investment bank said.
“This correction in UK commercial property provides a buying opportunity for long-term investors … bear markets are a rare phenomenon in UK commercial property and the market doesn’t stay cheap for long,” it added.
We strongly agree that for some time the commercial market has been very low yielding for some foreign investors. We have experienced a substantial increase by foreign buyers to begin finding strong blue chip covenants on long leases for international buyers.