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26.01.2018 | Наталья Кулагина

London is the most attractive city for investors

At the World Economic Forum in Davos, the company JLL presented the results of a study on the investment attractiveness of the global real estate market. According to JLL, London topped the world ranking of cities that attracted the most investment in commercial real estate in 2017. It is obvious that fears of a sharp reduction in investor activity after Brexit were in vain.

 

Volume of investment transactions in the commercial real estate market London increased in 2017, compared to the previous year, by 35% and reached $ 33 billion. Los Angeles rose to the 2nd place ($23 billion), the former leader New York – dropped to 3rd place at the end of the year with a result of $ 21 billion.

 

 

According to JLL, despite the difficult geopolitical situation, the global real estate market remains stable. The total volume of transactions in the global real estate market amounted to almost $ 700 billion, an increase compared to 2016.

 

Investors are actively looking for new ways to invest effectively. As a result, capital inflows into this sector remain at a high level.

 

According to Richard Bloksam, Director of the Financial Markets and Investments Department of JLL in the world, "the commercial real estate market London remained surprisingly stable throughout the first year after the announcement of the UK's withdrawal from the EU. The adoption of a number of key decisions during the negotiations in 2018 will allow us to see a more accurate picture of what will happen after Brexit.

 

Source: JLL

Photo: shutterstock

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