31.01.2011 - London's real-estate gold rush
From WSJ: Prime London commercial real estate has emerged as an improbable postcrisis safe haven. Despite the U.K.'s precarious economic situation, international investors poured more than €6 billion ($8.17 billion) into London offices and stores in the 18 months to June 2010, almost as much capital as the next nine most popular cities combined, according to CBRE. Having fallen 50% from its peak, City offices have outstripped every other European market, at 25% higher, compared with a mere 2% gain in Paris, according to Investment Property Databank. But with some West End offices now changing hands at yields as low as 4%, global real-estate investors can find better value elsewhere...........................................Full Article: Source
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