Investment in commercial property outside London has risen to 59% of the UK total, the highest proportion since the peak of the last boom in 2006.
The new research, published by Savills, also found that office yields were now falling fastest in regional cities outside London with prime yields in Manchester and Birmingham now at 5.25%.
Overseas investors have spent £4.5bn outside London so far this year, up by 83%.
US investors have spent 52% of the total and Europeans 21%.
The research has been published ahead of the MIPIM UK event, which will take place at Earl’s Court next month.
International investors from Canada, Germany, Sweden, the US, France and the Netherlands have signed up to attend the event.
Ruslan Alakbarov, head of real estate, investment department, SOFAZ, said: “MIPIM UK is the perfect platform for us to meet developers and advisers as we seek to gain a better knowledge of and to deploy more capital in the UK market. We have made our first outright investment in London and intend to keep investing in the UK.”
sophia.furber@estatesgazette.com
