A growing number of foreign buyers are entering the UK property market, with many predicting that 2011 will present them with a number of opportunities. Indeed, over the course of the past 12 months, Aberdeen Asset Management has completed approximately one billion pounds worth of transactions.
This compared to annual transaction levels of around GBP200-600 million for the global investment management group in recent years. The organisation attributes this rise in activity to a growth in interest in the market since the summer of 2009.
In addition, attractive pricing and the search for income have sparked investors' interest in UK property. Meanwhile, the relative weakness of sterling has attracted international buyers, particularly those in based in Asia.
John O'Connor, managing director for UK property fund management at Aberdeen, said that the figures clearly demonstrated the great demand that there is for UK property among the firm's clients
"With at least GBP530m to be invested into the market over the next year we believe there remain attractive opportunities available to lock-in good and stable levels of rental income for our clients with the possibility of capital value appreciation over the longer term," he added.