New research carried out by Knight Frank suggests that there was a sharp rise in the number of overseas investors purchasing commercial property in regional UK cities last year.
According to reports, international buyers pumped £1.1billion into the regional commercial property sector in 2016 – ten per cent more than in 2015.
Furthermore, in 2016, overseas investors accounted for almost half (45 per cent) of all commercial investment in regional offices, Knight Frank’s report reveals.
Their study examined investment in ten of the UK’s key regional cities, including Edinburgh, Bristol and Sheffield – all of which welcomed higher levels of office investment in 2016.
Knight Frank also reports that, in January alone, Manchester saw a 50 per cent rise in new enquiries from investors in China.
Alastair Graham-Campbell, from Knight Frank, said: “Regional UK offices remain an attractive property investment offer for overseas investors attracted by the weak pound, the sophisticated property market and relative political stability.
“Not only are yields in excess of those in London and the South East but investors are benefitting from a substantial return on their equity from seeking prudent bank lending at competitive rates.”