Foreign investment into the UK continues to go from strength to strength, despite worries it would begin to cool in the wake of the European Referendum.
Investment remains particularly strong within the commercial property sector, with investors owning around £483billion worth of property in the UK. According to the latest figures from commercial property agent Savoystewart.co.uk, 28 percent of UK commercial property is currently owned by overseas investors.
Foreign investment in commercial property has increased rapidly over the last decade, most of which is held as investment for clients. Whilst traditionally insurance companies and pension funds were the biggest and most direct investors in the UK, they now account for just one fifth of the total.
Savoystewart.co.uk‘s analysis of government data shows the number of jobs created from foreign direct investment, and which sectors in particular have benefitted from its increase.
Savoy Stewart director, Darren Best, commented on the research:
“There’s no doubt that we are in a dubious time: a lot is set to change in 2017, and the free fall we are all experiencing post-Brexit is certainly chaotic, particularly in terms of business. However, from analysing recent data, I am confident the UK will remain a key market – just as it ever was. Our ties with investors all over the world remain interwoven and strong; we should embrace change, reaffirm our partnerships and focus on all that we have to offer.”