Photographer: Craig Warga/Bloomberg

New York Beats London for Overseas Property Investors on Brexit

  • High prices, Brexit concerns hit London even before referendum
  • New York attracts $1 out of every $10 of global investment

New York overtook London to become the most popular location for overseas commercial property investors as the growing U.S. economy and a stronger dollar draws buyers. Sales in the U.K. capital slumped on concerns that Britain would leave the European Union.

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