U.K. Commercial Property Investment Fell 9% on Non-London Slump
News from Bloomberg:

Investors bought 30 billion pounds ($ 49 billion) of income-producing property in the U.K. this year, about 9 percent less than in 2011, according to broker Jones Lang LaSalle Inc. (JLL)

London real estate deals totaled 18 billion pounds in 2012, the most in four years, the Chicago-based broker said in a report today. Purchases outside the U.K. capital reached 12 billion pounds, the lowest amount in that period.

A lack of prime properties available for purchase and limited lending by U.K. banks means investors with cash will start developing properties in central London in 2013, and those buildings will be in demand when they’re completed, the company forecast. Development tends to generate greater potential returns than investments in completed buildings with rent-paying tenants in place.

“Given the limited finance for this type of activity, pricing will be competitive for those with equity and therefore we expect to see more overseas capital looking for opportunities to partner with local specialists and fund prime developments,” Jones Lang said.

Other investors…………… continues on Bloomberg

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