Savills said the property investment markets throughout the UKremain strong with significant demand for property from domestic,private and institutional as well as overseas buyers. Thisincreased demand reflects in part investor's lack of confidence inthe stock markets.

But the firm warned that tenant demand in London and the SouthEast is still being adversely affected by the downturn in thetechnology-based industries. But elsewhere demand remains robust.At the same time Savills is reaping the benefits from its exposureto the residential sector during the strongest market for over adecade.

The European investment market continues to be very active andSavills is benefiting from its strong position in that market. InAsia the level of transactional income remains subdued and nosignificant upturn in activity is currently anticipated. But inAustralia the market has been largely unaffected by the globalrecession .

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.