\nA new Knight Frank report shows stronger capital inflows than ever \u2013 particularly from Asia
\nColourful houses in Notting Hill. Image: Zoltan Gabor\/Shutterstock
\n\u201cThe five stages of grief according to psychiatrist, Elisabeth K\u00fcbler-Ross, are denial, anger, depression, bargaining, and acceptance. In 2016, Brexit brought all five to the Central London investment market.\u201d
\nThis is how Knight Frank\u2019s Anthony Duggan, Head of Capital Markets Research and Anthony Barnard, Head of West End Investment, explain last years events in The London Report \u2013 2017.
\n2016 was no doubt a politically tumultuous year for the UK. Following the shock UK leave vote, which left many jaws on the floor, the market proceeded to anger, followed by a brief bargaining period along with a spattering of depression. Now at a stage of acceptance \u2013 or stabilisation, asset values have recovered, even surpassing pre-Brexit prices.<\/p>\n
More: UK property is still top for Chinese buyers, with a few differences
A new Knight Frank report shows stronger capital inflows than ever \u2013 particularly from Asia...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-44314","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bwK","jetpack-related-posts":[{"id":39785,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-uk-city-has-one-of-the-hottest-property-markets-in-europe\/","url_meta":{"origin":44314,"position":0},"title":"This UK city has one of the hottest property markets in Europe","date":"January 6, 2017","format":false,"excerpt":"\r (It\u2019s not London) The neo-classical towers of Bristol cathedral and university. Image: pjhpix\/Shutterstock Home prices in Bristol, a city in the southwest of England are rising faster than in the UK capital, and the market is one of the most exciting in Europe right now, writes Business Insider. New\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cushman-amp-wakefield-appoints-koh-as-international-project-marketing-head-for-uk-residential\/","url_meta":{"origin":44314,"position":1},"title":"Cushman & Wakefield appoints Koh as international project marketing head for UK residential","date":"May 24, 2019","format":false,"excerpt":"\r The appointment will see him leading a new in-house team that specialises in the sale of new-build residential developments across London and the UK. John Koh has been appointed by Cushman & Wakefield\u2019 UK residential team as the Singapore-based head of its international project marketing, reported The Business Times.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-to-remain-a-magnet-for-global-super-rich-despite-brexit-knight-frank\/","url_meta":{"origin":44314,"position":2},"title":"London to remain a magnet for global super-rich despite Brexit \u2013 Knight Frank","date":"March 1, 2017","format":false,"excerpt":"\r UK\u2019s capital will continue to pull millionaires and billionaires from Asia and Middle East, says report by property consultantsThe global super-rich will continue to flock to London despite the UK\u2019s decision to leave the European Union, according to a report by property consultants Knight Frank.The number of UK-based ultra\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-stays-strong-when-other-assets-struggle\/","url_meta":{"origin":44314,"position":3},"title":"Property stays strong when other assets struggle","date":"April 1, 2016","format":false,"excerpt":"\r \r Amid a backdrop of economic uncertainty, the value of property investment over more traditional investment asset classes can be the key to securing strong and stable returns.Volatility across global stock and commodities markets this year have made for a roller coaster start to the year. Despite oil rallying\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-property-remains-in-demand-even-as-bankers-head-for-exit\/","url_meta":{"origin":44314,"position":4},"title":"London property remains in demand even as bankers head for exit","date":"January 29, 2017","format":false,"excerpt":"\r Appetite for prime commercial property in London from Gulf investors remains strong despite concerns about Brexit and the potential relocation of thousands of banking jobs to other European cities.Since the UK's prime minister Theresa May announced on January 17 that the UK would leave Europe's single market, two major\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42215,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-investors-appetite-for-london-property-remains-despite-brexit-concerns\/","url_meta":{"origin":44314,"position":5},"title":"Gulf investors' appetite for London property remains despite Brexit concerns","date":"January 29, 2017","format":false,"excerpt":"\r Appetite for prime commercial property in London from Gulf investors remains strong despite concerns about Brexit and the potential relocation of thousands of banking jobs to other European cities.Since the UK's prime minister Theresa May announced on January 17 that the UK would leave Europe's single market, two major\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44314"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=44314"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44314\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nIndeed, in the weeks following the vote, Knight Frank received more requests from Asian investors looking to take advantage of the devalued sterling than in the previous 12 months together. This whoosh of action led to Q4\u2019s transaction volume, the strongest quarter of the year valued at GBP4.2 billion (USD5.2 billion).
\n\u201cIndeed, the currency advantage that resulted from the outcome of the referendum has made the UK in general even more attractive to these buyers.\u201d Nicholas Holt, Head of Research, Knight Frank Asia-Pacific said. \u201cLooking forward, given the continued drive for diversification, we expect the UK\u2019s capital, which boasts strong liquidity and a robust economy, to remain high on Chinese and Hong Kong investors\u2019 wish lists.\u201d
\nOverall the Knight Frank report shows strong capital inflows since the referendum, despite an initial slow-down immediately after the vote. 80 percent of capital invested in the city comes from outside Europe, with China and Hong Kong accounting for most of this. In the coming year, China\u2019s renewed capital controls is expected to slow outflows as mechanisms to move money become increasingly restricted, but Knight Frank still predict Chinese investment in London to continue.
\nOn the global stage, London remains a leader for real estate. Last year, 73% of transactions in the capital involved an overseas buyer. This compares to 40% in New York City, 33% in Paris and 65% in Singapore.
\nRead next: Why Asian investors in London should focus on older residential stock
\n
\nSource : property-report.com
\nRead more…How is London still the leading global marketplace for real estate?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"