Property Auction Blogs
Monday, November 26, 2007
One in three UK properties for sale is now having foreign landlords, but now that ratio is set to dip somewhat next year as real estate prices chill, a report from insurance firm Royal & Sun Alliance stated on Wednesday. According to the UK property investment underwriter, overseas-based UK investors straightly own 22 percent of all commercial real estate, contrasted with 15 percent in 2000, before foreign buying of UK property actually took off, driven by demand for workplace buildings with session tenants on medium-term leases.
An extra 10 percent of all commercial buildings were owned not directly through funds, while in a foreign country businesses with a bodily presence in the UK owned 1 percent, the report said.
posted by property auctioneers @ 1:59 AM
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