Costly London Loses Allure for Commercial Property Investors
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London, Europe’s most active commercial property market since the start of the global financial crisis, is losing some of its allure as high prices and prospects of a U.K. recession deter investors.
The British capital slipped to 10th place in a ranking of 27 European cities, according to an annual survey of more than 600 brokers, investors and money managers compiled by PricewaterhouseCoopers LLP. It came first in last year’s survey for new investment and fourth for the performance of existing properties.