Foreigners’ interest in UK property grows amid Brexit

Foreigners’ interest in UK property grows amid Brexit
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The value of commercial property in the UK fell on average by 16% as a result of depreciation of the British currency and lower prices following Brexit, according to estimates by JLL experts.

Experts claim that this has led to an increased demand from foreign investors. The most active are that from Asia and the Middle East, while the activity of investors from the United States and global funds has seen reduction.

The data shows that, in 2016, the share of foreign investors in transactions on real estate market in the UK rose slightly up to 51%, against 48% a year earlier, which is probably due to currency fluctuations. The share of capital from the region of South and North America, primarily from the United States, declined from 32% to 17%; share of global players — from 11% to 5%.