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London Left Behind as U.K. Housing Investors Pivot From Capital
Investors looking to cash in on the U.K.’s resurgent rental housing market are plowing their money into an increasingly popular destination: Beyond London. Some 70% of investment was put into purpose-built developments outside the capital in the first half of this year as pandemic-weary tenants seek more space and greenery, according to Knight Frank data. Over the previous four years, only around half of those volumes went to the regions. “The sector’s strong regional presence is rapidly growing,” said Oliver Knight, head of residential development research at Knight Frank. “Lifestyle changes, as well as a ... (full story)