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Eversheds comment: London property market benefitting from global outbreak of real asset exuberance

  • United Kingdom


    Commenting on news that Indian tycoon Yusuffali M.A has agreed a £110 million deal to develop a luxury hotel on the site of the original Scotland Yard Police Station in London, Bruce Dear, head of London real estate at law firm Eversheds, says:

    “London is benefiting hugely from a global outbreak of real asset exuberance (“RAE”). World bond yields are flat and some major equities markets are falling like iron balls; but property still offers comparatively strong returns.

    "However, those experiencing RAE should only buy or develop strongly tenanted and liquid assets. Because at some stage over the next two years central banks will raise interest rates and bond yields will shift.

    "At that point, well-let and located property will be key to avoiding RAE’s after-effects.”

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