Foreign demand is pushing local investors out of London’s office market and into the regions, according to Reuters. It reminds readers that London’s commercial and residential sectors have become safe havens for investors from Russia, China, southern Europe and elsewhere, citing Gulf-based financing for The Shard and for control of Canary Wharf’s financial district. Last year, it writes GBP 55bn went into UK property by institutional investors seeking safe, long-term income. Regional property values are significantly lower than those achieved in London, but investors are hoping a revival of economic prosperity can be the basis for increasing rental prices by tenants.
