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UK commercial property is now more attractive, according to a new report published by a Middle East bank.
The Bahrain-based Islamic investment bank, Gulf Finance House (GFH), has advised investors the recent downturn in commercial property prices has made the UK more attractive.
"Until recently, we hadn’t considered UK property as an attractive investment area as the prices being paid simply did not make sense to us," the bank said.
The GFH report advised investors: "This correction in UK commercial property provides a buying opportunity for long-term investors." It went on to suggest they act quickly as "the market won’t stay cheap for long".
Foreign funds are showing much interest in London’s commercial property. Despite a recent economic slowdown, the capital remains one of the most sought after destinations for a company to rent offices.