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Andrew Teacher, media manager at the British Property Federation, described buildings in the capital as "trophy assets" and said they would always be a popular investment regardless of the global economic downturn.
Factors that make British shares a popular choice among stock market traders at present - the weak pound, cheap debt and interest swaps - are driving foreign interest in the market, noted the property specialist.
Qatari speculators are "sitting on pots of cash" and have taken advantage of favourable market conditions, he commented.
Estate agents Jones Lang LaSalle claimed Qatar would be the largest overseas property investor in the world this year, describing the region as "cash-rich and with a strong appetite for splashy overseas assets".
Posted by Clive Arneil




