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LONDON is the most expensive office rental market in the world. However, as well as the best place in Europe for property investment. It is a survey compiled by PricewaterhouseCoopers (PwC) LLP.

The reduced value of sterling and the scale of relatively low prices make London managed to beat Munich. In the last two years the price of an office in downtown London have declined by 50 percent, or greater than most other European kotakota. Value for money in the UK also has become more attractive to overseas investors. Because the value of sterling to depreciate over 25 percent of the trade. According to data from Investment Property Ltd (IPD), in 2009 the value of office property in London has increased 4.4 percent. "The worst may have expired and lower limit has been reached to London," said PwC head of Real Estate, John Forbes, at a presentation in London.

IPD estimates in the second half of last year, sales offices in central London until the 6 billion pounds (USD13, 5 billion). Conditions had been more than doubled from the previous six months. In November, the National Pension Service of South Korea spent 1.04 billion pounds to get a big office in Canary Wharf and two other buildings.

According to DTZ Holdings Plc, rental values stop falling in the last quarter of the West End. It allows London to regain its status as a rental place in the world's most expensive location for office space.

Last year rents range from USD 21 420, plus other fees and taxes as well as provide space for one worker in the West End. Last month, Land Securities Group Plc and Great Portland Estates Plc announced that they will start construction work on six new projects in the West End. Both anticipate the possibility of shortage of office space would raise the rental price.

For two consecutive years, Dublin offers the worst prospect for new investors. Survey shows Moscow and Spain in Barcelona and Madrid are also avoided because it is considered as a risky market. Munich and Hamburg judged to offer the best return to the already existing buildings. This is despite the re-emergence of a variety of industries and rising levels of exports in Germany after world trade recovered. Both follow the Istanbul as the best place to start development projects.

Paris ranks third on an existing investment prospects. One place higher than London because the company relies on financial services to tenants of office space. Europe can reach the property capitalization rate (annual rental income as a proportion of the price or value of the building), which began to improve in 2010.

Throughout Europe, the middle concerned about waning demand and the effect of tenant views on the prospects of development. That's because the perceived fragility of the economic recovery of Europe and the scale of real estate loans. pic:google