City Of London
Foreign Grip on London Property Is Easing on a Cocktail of Risks
- Foreign deals for London property have slowed in recent years
- Brexit and the pandemic contributed to drop-off in money flows
China’s once firm grip on the London property market is loosening more than most nations.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
London’s real estate market is gearing up for a pivotal 2023, following years of turbulence which slowed the torrent of foreign money that once flowed to the capital.
Cross-border investment flows to properties in London totaled £12.4 billion ($15 billion) in 2022, according to data compiled by MSCI Inc. That’s a big drop-off from the £30.5 billion of foreign dealmaking in 2015, which preceded the twin blows of Brexit and the Covid-19 pandemic.