LREF 2017: central London real estate prohibits domestic investors

LREF 2017: The UK general election had created just “ripples” in a larger journey in which overseas investors were still attracted to the pricing of London property, according to Stephen Down, head of London investment at Savills.

He spoke on an LREF panel about the capital’s investment market, where experts agreed that it was a particularly difficult playing field for domestic buyers, and that “value add” opportunities to buy buildings and turn them around were increasingly difficult to find.

Great Portland Estates chief executive Toby Courtauld and Brockton’s David Marks also said they were “fed up” with the UK’s political leadership.

The panel included:

Stephen Down, Head of Central London and International Investments, Savills

Toby Courtauld, Chief Executive, Great Portland Estates plc

David Marks, Co-Managing Partner, Brockton Capital

Hugo Greenhalgh, Wealth Correspondent, Financial Times (Chair)

James Lass, Fund Manager, Schroder UK Real Estate Fund

 

See futher LREF coverage at http://www.egi.co.uk/news/?topic=news-topic-lref