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Monday, July 03 2006 @ 02:51 PM Central Daylight Time
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 According to property consultancy group DTZ, investor appetite for UK real estate continued unabated in 2005 with a record 48.5 bln stg of investment purchases.
The report found that this figure was reached as a result of heavy cross-border investment activity into the UK and a number of large corporate transactions.
Last year, 12.2-bln stg of purchases emanated from overseas investors. Irish investors continue to be the largest source of capital into the UK with over 2.7bln stg of purchases in 2005 - representing 22 pct of total cross-border activity.
Moreover, DTZ expects a very modest slowdown in investment activity in the UK with total transactions of between 45-50 bln stg in 2006. Across Europe, the UK remains the dominant real estate investment market, accounting for almost 46 pct of total aggregate capital flows of 152.5-bln stg in Europe in 2005.
DTZ expects that the UK will remain the principal European real estate market for the foreseeable future, particularly with the imminent legislation for UK Real Estate Investment Trusts in 2007.
By M. Sese
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