Real Estate

Who owns the City?

Commercial property has become the capital’s latest real estate sector to be swamped by overseas investors taking advantage of the weak pound. Can it last?

A gift or a curse? Foreign money has kept flooding into London since 2016's Brexit vote
A gift or a curse? Foreign money has kept flooding into London since 2016's Brexit vote Photo: fakery.co.uk

In 2001, when Chris Harvey joined the legal profession, he called himself a property solicitor. But for the past decade or so, he has been leaning towards the more Americanised title of real estate lawyer.

Harvey, the head of UK real estate at law firm Mayer Brown, said this is to reflect a business that is increasingly done with buyers from overseas. “We have become more and more international,” he said, “and so we’ve adopted these more international phrases.”

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