LONDON's West End property investment market saw a jump in transactions in the second quarter of this year, new data has revealed.

Real estate advisor Savills said 24 deals were completed in the second quarter to date, compared to 14 deals in total across the first quarter.

It predicted that investment volumes for the second quarter will reach around £900m.

Paul Cockburn, head of the West End team at Savills, said it was "reassuring that against the backdrop of economic uncertainty and rising rates, we've seen a flurry of presummer activity".

"Despite questions and negative comments around the future of the office, its clear many specialist investors disagree and some are now seeing this as a buying opportunity."

(c) 2023 City A.M., source Newspaper