UK remains most attractive global commercial real estate market despite the country’s decision to pull out of the European Union in June last year, according to a BrickVest report.
According to the latest BrickVest commercial property investment barometer, nearly one-third (31%) of the investors picked the UK as their preferred location, a figure that has remained the same since June 2016.
UK was followed by Germany that was preferred by 24% of the investors who participated in the survey. However, its a decline from 28% in June 2016.
Nearly one-fifth (21%) of investors were found to favour the US, same as last year June, and 15% selected France, up from 13% in the previous year.
The barometer further revealed an increase in preference for the UK property among French, German and US investors since last year June, with 24% of French, 19% of German, and 23% of US investors preferring the location.
More than four in ten (43%) BrickVest UK investors said that they chose their home market as their preferred location. UK investors chose Germany as second preferred location, followed by the US and France.
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By GlobalDataAverage risk appetite index for commercial real estate increased to 49% in June 2017 from 47% a year ago. In case of UK, investor risk appetite increased to 51% from 49% in the previous year. Investor risk appetite in France surged to 55% from 33%, it remained stable at 48% in Germany, whereas in the US it rose to 50% from 47%.
BrickVest CEO Emmanuel Lumineau said: “Despite a series of significant events over the past 12 months including Brexit, our latest Barometer shows the UK remains the preferred location to invest in from our global investor base.
“Since the vote in June last year, we’ve seen a 72% increase in the number of investors joining the platform and are seeing plenty of appetite from investors for property as an asset class.”