Overseas investors, particularly those from Spain, Greece and Italy, are increasingly acquiring commercial property in London.
This is because they are concerned about the economic problems the countries currently face in the eurozone, the British Council for Offices (BCO) said.
Indeed, it is this part of the world that is having a big influence on London's commercial real estate sector at the moment, with the capital viewed as a "safe haven", BCO chief executive Richard Kauntze asserted.
"London is very special internationally, so it has all kinds of advantages that most other cities elsewhere in the world don't have," he stated, adding the area inside the Central line is proving to be particularly robust.
St James's and
Mayfair offices were recently praised by Mr Kauntze for being located in two of the most prestigious districts in the city, making them ideal places for businesses to be located in, especially because of the strong public transport links.
Posted by John Evans
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