The commercial property market in the UK could be set to rebound according to a new study, the Wall Street Journal has reported.
Fund manager Legal & General Property has predicted that investors will diversify from equities into property.
The recovery will be led by sovereign wealth funds looking for bargains in a depressed market, it claimed.
The Urban Land Institute for Europe, Middle East, Africa and India have also backed the commercial property market in London for long-term investment.
"London is still seen by investors worldwide as one of a very small number of truly world capitals," William Kistler, president said.
It also has several "fundamental assets" such as airports, infrastructure, human capital and universities – a recent Young Group survey found more than three-quarters of respondents thought residential property values in the city would rather go up or stand still.
