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HomeReal EstateUS investors back in London: Commercial property investment hits 8-year high

US investors back in London: Commercial property investment hits 8-year high

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London, May 4, 2024 – US investors are returning to London in force. Data from BNP Paribas Real Estate shows that US investment in London commercial property reached £1.9 billion (€2.22 billion) in the first quarter of 2024, a six-fold increase from the same period last year and the highest level since Q4 2015.

This surge in US interest is being driven by a number of factors, including the strength of the dollar against the pound, a search for alternative investment opportunities outside the US, and the perceived attractiveness of the London market.

Key drivers of US investment in London:

  • Strong dollar: The dollar has strengthened significantly against the pound in recent months, making London property more attractive to US investors.
  • Search for alternatives: US investors are looking for new investment opportunities outside of the US due to rising interest rates and uncertainty ahead of the presidential election.
  • Attractive London market: London is seen as a safe haven for investors, with a strong economy, a stable political environment, and a deep pool of real estate talent.

Impact of US investment on London market:

The increase in US investment is having a positive impact on the London commercial property market. It is helping to boost prices, which have been subdued in recent years, and is also encouraging new development.

Overall, the return of US investors to London is a welcome boost for the UK economy. It is a sign that confidence in the UK is returning and that London is still seen as a global financial center.


  • The surge in US investment is not just limited to London. There has also been a significant increase in US investment in other parts of the UK, with total US investment in UK commercial property reaching £3.1 billion in Q1 2024.
  • The long-term outlook for US investment in London is positive. The factors that are driving US investment into the market are likely to remain in place for the foreseeable future

Sources: BNP Paribas Real Estate report on US investment in London property

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