New high property investors branch out into regions

London continued its three-year reign as the most active market in the world for property in 2014

British landmarks, office blocks and shopping centres attracted a record £65bn of investment in 2014, driven by a 70pc rise in the regions.

Overseas investors including high-net worth individuals and sovereign wealth funds have been attracted by the low interest rate environment to plough money into property at a record rate, research from the real estate group JLL found.

London continued its three-year reign as the most active market in the world for property, with domestic and overseas investors spending £27.5bn.

However, it was the new-found popularity of areas such as the South West, the West Midlands and the South East that took UK property investment to a 16pc rise on 2013 levels. Investors sunk £28bn into the regions.

“Overseas buyers stop off in London first before going on to New York,” said Chris Ireland, at JLL. “They then go on to either buy in other European cities or they turn to the UK regions which offer good value.”

Source: www.telegraph.co.uk