Asian Investors Always Buy The Dip In London. Not This Time Over much of the past two decades, when London real estate prices have dropped and competition reduced, Asian-based investors have stepped in to take advantage of opportunities in the UK capital. But with values falling sharply in 2023 and 2024, they are notable in their absence. Asian-headquartered investment in London built steadily after the Global Financial Crisis, reaching nearly £8B in 2013, and peaked again in a wider post-Brexit mini slump to hit just shy of £8.3B in 2017, or 29% of all London deals, according to figures provided to Bisnow by MSCI. But in 2023, as rates rose and investment volumes collapsed, the total was just £2.6B, or 18%. And in 2024, the figure stands at less than £135M to date — less than 2% of the £6.4B total deal volume. So with repricing of assets across many sectors bringing more value reality to London’s real estate market, plus ongoing political upheaval and signs of interest rates cooling, why has London failed to attract Asia’s big hitters this time around? 
The answer lies in macroeconomics, problems at home, challenges common to Europe as a whole and some specific to the UK market, and uncertainty in the sector Asian investors have typically focused on in the UK — offices.“There are multiple factors. Firstly, we’re still waiting for interest rates to come down, while the… Read the full story here. | 
