Unlisted real estate funds in the UK returned 2.9 per cent for the three months to March, falling back compared to 4.1 per cent for the last quarter of 2013.
However, the two most recent quarters recorded the highest levels of returns for the UK unlisted funds since June 2010.
Strong demand has forced average pricing in Canary Wharf up to around £750 per square foot, with some of the best units at new schemes pushing towards £1,100 per square foot, a new analysis shows.
Overseas buyers of London apartments who leave them vacant are hurting the city’s economy by making it too expensive for people who come to the capital to work, former City of London planning officer Peter Rees said.
The second half of 2013 saw a considerable pick up in real estate investment activity in the West End of London, with £5.8 billion transacted, according to the latest analysis report from Savills.
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