Investment in UK commercial property falls 70%

Chinese investment in commercial property in the United Kingdom has fallen by more than 70 percent this year, according to new data, with analysts attributing the drop to the control of capital outflows from China and uncertainty over Britain's pending exit from the European Union.

Investors from the Chinese mainland spent $325 million on commercial property in the UK in the first quarter of this year, according to property consultants Cushman and Wakefield.

This is 70.5 percent lower than the quarterly average over the past five years of $1.1 billion.