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Business

New York nabs world property crown from London

Opening Sequence

Opening Sequence

Business

New York nabs world property crown from London

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16:45
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COMING UP:New York nabs world property crown from London

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Transcript

00:00:00
London has lost its title as the top destination for foreign investment in commercial real estate , overseas investment in London property down but almost a halt in the first six months of the year it fell to six point nine billion dollars promo the twelve billion last year meanwhile investment in New York was just over ten billion that's according to data from brokerage Jones Lang lasalle it says investors with little London by mounting on these ahead with the referendum , no it's too soon to say what the impact of the shop brick that vote will be but the initial Holland on negative , boy sovereign wealth fund is one of the biggest investors in Britain earlier this week it said it had cut the value of it London property holdings by five percent