Bloomberg markets/Brexit-Bound London Beats Global Rivals to Lure Real Estate Cash

Brexit-Bound London Beats Global Rivals to Lure Real Estate Cash

Bloomberg markets

By Jack Sidders

‎August‎ ‎23‎, ‎2018‎

Thanks to Brexit, the value of sterling has dropped down significantly. In the other side, Asian investment institutions are looking for some places to invest. With this combination, the office buildings in London become a target for Asian buyers. UBS Group AG¡¯s 5 Broadgate office is one of the new record sold to HK investors. While investors put their money into other European cities so the yield becomes low. However, real estate in London shows steady yield curve, so London becomes more attractive.

I heard NPS also invested in real estate in London. As I remember, they bought an investment bank¡¯s own building and re-rent it to the firm. The investment bank would occupy majority of the offices while small portion of the building may open for other firms.

I hope I could get a building in Seoul. Not a building, but a small lot will be enough. What is the government doing? Sellers keep their items in their hands, now housing price is soaring. I think ther policy make it worse and worse. I don't understand how they would not know the reason. everyone knows. experts say.