London Is The New Mecca For Overseas Property Investment Opportunities

Online, July 22, 2010 (Newswire.com) - Considering the general bearish phase in real estate prices and stocks the price of Central London commercial property does not show any sign of cooling down. Investors from the emerging tiger economies in south east Asia are increasingly looking to invest in overseas property investment opportunities. In the last three weeks more than £2 billion worth of transactions have been accomplished by investors who were Chinese, Koreans and Malaysians. The real estate prices in London do not seem to go down.
Stephen Down who is the Managing head of the Gresham Down Capital Partners was not very optimistic about the future of real estate prices in London. But he was surprised by the voracity of the appetite of buyers especially from the ASEAN countries to invest in overseas property investment opportunities. And the boom in London Real estate is not confined only to the Eastern investors. The US fund Carlyle has just inked a deal of buying six London office buildings for over £670 million.
The River Court is also up for grabs and Down is also advising the investors who are looking for a prospective buyer who will give a good value for this trophy which is the European headquarters of Goldman Sachs in the City. This shows the keenness of the investors from these countries in the Far East who does not have nuptial syndromes while investing in overseas property investment opportunities. The building is modern having been extensively renovated in the year 2000 before it was let to the Goldman Sachs for a period of 15 Years. It is a very modern building with all the latest Gizmo's and comes with a earthly rent of £36 per square foot. This is much lower than the prices in the same localities which are touching £50.00 per square foot. The term also envisages that the investors get the benefit of growth in rents in the coming years when it is inevitably going to rise.
Since there is a considerable shortage of funds and banks have turned really mean these days it will be a real test for getting finance for these schemes. But the fact is not overlooked by the banks that the office rents in London has shot up by more than 12 % in the preceding three months and more than 24 % in the preceding 6 months. The downturn in the real estate and overseas property investment opportunities has led to a fall in the new constructions and users have reconciled to rent different office spaces in London.
Down also talks about investors from the Middle east like the Qatar who have successfully bidded and bought the Harrods in Knightsbridge for over £1.5 billion .The Park House in Oxford Street a prime commercial and residential development, and it was bought for a princely sum of £500 million. Down also confirmed those large numbers of Malaysian, Korean and Chinese investors are coming to the market. People prefer London because of its transparency and liquidity of the market and also impeccable honor and honesty.