Mortgages for Business reports that statistics show an increasing penchant for German investors to spend their rapidly appreciating euros on commercial property in the UK.
German-backed purchases in London, year to date, have hit £600m - a third of the overseas market according to the Royal Institution of Chartered Surveyors. Across the UK this figure is 44%, a third up on last year.
The bottoming out of the UK commercial market has driven this trend plus the plummeting pound.
German investors have clearly stopped looking east and beyond their traditional UK stamping ground of tasty treats from the traded endowment policy market.
Maybe we can generate some teutonic interest in the residential market?
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