Investment 'boom' in region

YORKSHIRE has experienced a "miniboom" in investor appetite for its property over the last year, according to property consultant DTZ.
By The Newsroom
Published 21st Oct 2010, 11:34 BST
Updated 21st Oct 2010, 11:34 BST

Speaking as it published its Great Wall of Money report 2010, the firm said that the heightened levels of demand, primarily from UK institutions, prevailed in Yorkshire until the summer.

Tim Cameron-Jones, head of the Leeds office, said: "Since then, there has been a notable decline in enquiries from UK investors. However, some of this has been re-addressed by the re-emergence of interest from overseas investors in the regional markets, including the German open- and close-ended funds, which have started to move their attention beyond London as this market has become overheated for a number of them.

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"Likewise, a few UK property companies are also seeing regional markets as offering value and demand for investment stock has started to grow again."

The Great Wall of Money report, which analyses the capital being raised by an extensive range of investor groups, estimates that US $281bn (177bn) of capital will be available to invest in global real estate in 2011.

Related topics:YorkshireLeedsLondon