Consultancy PwC is setting up a London-based team to assist Asian clients with inbound investment into European property.
The team, led by Natalie Breen, will also coordinate outbound investment from European buyers into Asia-Pacific assets.
“Asian investors are increasingly focused on real estate investment into the UK and Europe, and are looking to expand their coverage in these markets,” said Breen, who is a real estate partner. “Similarly, European investors are also investing into core Asia Pacific markets such as Singapore, Tokyo, Hong Kong and Australia.”
Despite concerns related to Brexit, the UK’s property market has been popular with Asian investors in recent months. Last year, Hong Kong and China-based investors dominated the top ten most valuable property transactions in London
Other European cities such as Paris are seen as popular destinations for Asian capital because assets in these locations are viewed as a safe store of value.
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