The UK has been ranked most attractive country for residential property investment over the coming 12 months in a survey carried out by law firm DLA Piper.
Over 30% of 500 global investors, developers and asset managers said the country was the most favourable area for future residential real estate investment, followed by France and Germany.
Overall, the survey found a sense of optimism for the European real estate market, with over half of respondents saying they felt positive for the outlook despite the lingering Covid-19 pandemic and uncertainty over the shape of recovery.
Signalling that the market is attractive for future investment, nearly three-quarters (74%) of respondents plan to invest in European residential assets over the next twelve months.
Of these, nearly one third (29%) expect to invest more in 2021 compared to 2020, on average increasing assets by nearly 30%.
Olaf Schmidt, real estate partner and managing director of practice groups at DLA Piper, said: “The UK remains an attractive market for investment also post-Brexit which should provide confirmation and reassurance that the UK is a vital hub for activity and growth.”
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