Even Brexit could not reduce attractiveness of investments into commercial real estate of London, Bloomberg reports. It regained status of most favorable location for foreign investors.

Foreign investors lead by billionaires from Hong Kong and security firms from Korea spent more money on offices in the capital of UK then in the center of Paris, on Manhattan, Munich and Frankfurt all together. Weak pound made London deals attractive compared with other European cities, many of which are experiencing own property booms.

Those factors and higher flow of money from Asia helped London to take first place for foreign investments in real estate. And this is despite of general reduction in investments and economy slowdown ahead of Brexit.

Foreign investors spent 5,6 billion pounds on offices in London in first six months of this year. Stable demand and restricted supply also play an important role.

The picture was a little bit different in June of 2016 after referendum. Then Asian investors started pouring money into real estate in Germany and France. That caused prices to grow and yields to fall. Prices in London now look comparatively attractive.