After a series of gloomy articles about the health of the UK construction sector here is one which might brighten the sector's mood. In theory more demand for investment grade property will mean more work for the construction sector.
I would certainly appreciate a greater supply of housing stock. I realised recently that if (it is a big 'if') ERNIE finally picked my number and the nice people from NS&I knocked on my door on a Sunday morning (I read that is when they visit) to announce I was a millionaire, I could still not afford a house where I used to live in south London. I could buy former garage converted into a one up, one down, but not my old three-bedroom house.
Global investment in real estate reached a new record high of $1.62 trillion (£1.17 trillion) in 2017, with Asian money making up more than half of all the capital spent. London persisted as the most sought-after destination for international cash as any concerns about Brexit were offset by a fall in the value of sterling, a new report from property agency Cushman & Wakefield found.