Report | Intelligent Investment

英国资本进出

2022年12月13日8 Minute Read

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执行摘要

与今年早些时候相比,英国第三季度的投资量较低。第三季度的投资交易有108亿英镑,而第二季度的修订估算为150亿英镑。鉴于经济和金融市场的不确定性背景,活动的减少并不奇怪。迄今为止,投资量为443亿英镑。尽管利率上升和经济压力,但在2021年同期的投资仍比投资高15%。

Inbound investment over the year to date was £26.3bn to 2022 Q3, an 8% increase compared to the same period in 2021. North American investors are the largest contributor to foreign investment so far this year with a 37% share, followed by European investors with a 30% share. Asia and Other regions have increased their investment into the UK, representing 24% and 7% of inbound capital respectively.

该办公室一直是英国跨境投资的主要目标,迄今为止吸引了不到50%的入站资本,而24%的工业投资为工业部门,而在住宅领域进行了14%的投资。直到2022年第三季度,入站资本在伦敦和英国其他地区之间的分配相当平均。

到目前为止,英国资本81亿英镑已于2022年在海外投资,其中包括2022年第三季度的28亿英镑。欧洲仍然是出站投资的主要目的地,份额为83%。工业,办公室和住宅部门在该订单中获得了最多的出站投资。

顶级区域流入和流出

Inbound Investment Trends

Inflows by Region

Investment property transacted in the UK totalled £44.3bn to 2022 Q3, 40% of which was purchased by domestic investors. Inbound capital from cross-border investors totalled £26.3bn, the highest level of foreign investment to September-end seen since 2018.

来源的入境资本

Source: CBRE Research 2022, Real Capital Analytics.

International investment in the UK represents just under 60% of total acquisitions so far in 2022 and has grown compared to 2021 Q3 levels. North American capital is the second largest source of total UK investment totalling £9.7bn, and accounting for 21.9% of all capital and 36.8% of inbound capital. Asia has already reached its highest share of investment since 2018, but it remains the third largest source of cross-border investment in the UK behind North America and Europe.

国际资本在投资量中的份额

Source: CBRE Research 2022, Real Capital Analytics.

部门流入

今年到目前为止,只有不到50%的入站人l has been into UK office assets, totalling £12.7bn of investment. Office sector purchases were up 57% compared to the same period in 2021. Industrial and residential sectors accounted for just under 40% of inbound investment to 2022 Q3, with £6.4bn and £3.5bn spent in these sectors respectively. Both sectors however, reported marginal decreases on 2021 levels for the same period. Inbound capital spent in the Retail sector totalled 1.3bn to 2022 Q3, continuing the trend of lower investment activity in the sector.

划分的资本流入

Source: CBRE Research 2022, Real Capital Analytics.

按位置流入

The split of investment between London and other parts of the UK has been relatively even to 2022 Q3, at £12.7bn (48%) and £13.6bn (52%) respectively. International investment in London was predominately directed towards office assets. London’s share of investment has increased this year reversing the trend seen up to 2021, where the Rest of UK’s share of investment had risen to as high as 70%.

Share of Inbound Capital by Location of Acquisition

Source: CBRE Research 2022, Real Capital Analytics.

Outbound Investment Trends

按地区流出

UK investors purchased £8.1bn of assets outside the UK to 2022 Q3. This represents a 13% rise on cross-border investment reported in the same period last year. Europe remained the primary destination of UK outbound capital, totalling £6.8bn to 2022 Q3. North America has typically been the second most popular destination for UK foreign investment. However, Asia has overtaken North America throughout 2022, with £760m of assets purchased in the region.

划分目的地的资本

Source: CBRE Research 2022, Real Capital Analytics.

扇形流出

海外工业资产获得了英国最多的投资,紧随其后的是办公室。到2022年第三季度,这两个部门的总资本流出总计超过50亿英镑,出站投资的份额分别为32%和30%。住宅投资报告说,2021年第三季度的水平略有增加,并保持了出站投资的18%。零售资产的出站资本下降。

Capital Outflows by Sector

Source: CBRE Research 2022, Real Capital Analytics.

期待

上半年的强劲上半年将英国的投资推向了2022年第三季度,尽管利率上升和通货膨胀率高,但经济挑战带来了2021年同期的销量。尽管下半年的活动减少了,但随着市场和投资者适应更高的利率环境,交易仍在进行,英国继续吸引跨境投资者的资本,办公室行业吸引了该公司大多数国际投资。

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