Overseas investment into the UK property market is on the rise according to a survey carried out by RSM amongst decision makers in the real estate sector.
Howard Freedman, RSM’s UK Head of Real Estate and Construction, said:
‘There is genuine concern amongst the real-estate community about the enormous amount of capital coming into the UK from overseas investors, and that this trend sees no sign of abating. Clearly this will come as a blow to UK businesses as post-recession, they start to look to grow and expand against a rising tide of property prices.
‘There is a concern that if large amounts of investment continue to pour in from overseas and cause pressure on property values, then we may see a ‘bubble’ developing, which could ultimately have a long-term detrimental effect on the UK property sector.’