Commercial mortgage holders in London 'investing in most active market'

22 July 2010

Written by Gavin Elley

Commercial mortgage holders in London are investing in a booming market, according to recent figures.

Research by Jones Land LaSalle found that the UK accounted for more than 40 per cent of the overall value of property speculation across Europe, the Middle East and Africa (EMEA) in the second quarter of this year.

England's capital city remained the most active real estate market in the world, with volumes nearing $5 billion (£3.29 billion), the firm noted.

"We have seen a strong bounce back in activity and pricing so far this year - especially for prime London," Julian Stocks, the company's head of capital markets in England, commented.

EMEA property investment saw a 15 per cent year-on-year increase in the second quarter, while Jones Lang La Salle predicted that volumes will be 35 per cent higher by the end of 2010 compared with 2009, hitting €100 billion.

The study follows a report by Property Wire that the central London real estate market was resilient and attractive to overseas investors.

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