Property investment abroad continues

Tommy Barker, Property Editor

Four times as much money is invested in overseas commercial investment as in the home market, with the UK still in pole position soaking up as much as E2.5 million this coming year, according to CB Richard Ellis Gunne's Outlook 2005 report.

A further 500 million is likely to go into Continental European markets this coming year, and voyaging investors are also expected to seek further investment opportunities in places like Boston, Manhattan and Washington given the Euro/Dollar exchange rate advantage and the low cost of debt funding available, say CB Richard Ellis Gunne.