Central London continues to be a hotbed of activity for foreign investors, with overseas buyers accounting for the majority of overall transactions in the City and West End last year.
That's according to figures released by international real estate advisor Savills, which found that investors from outside of the UK accounted for 76 per cent of all purchases in the City and 67 per cent of those in the West End during 2012.
"Central London has continued to appeal to a wide range of investors, particularly from overseas who are generally attracted by the highly liquid market with larger, prime properties that are let on a longer lease," said Stephen Down, head of central London investment.
"In contrast, domestic purchasers in Central London have been focussed on smaller lot sizes that are multi-let, which could include secondary properties, where they can implement a strategy to work the asset and then remarket."
The City witnessed a total of £8.9 billion worth of transactions last year, while the West End saw £6.1 billion.
It was Asian investors who dominated in the City, accounting for £2.27 billion of investment, while European buyers led the way in the West End with £1.56 billion in transactions.
However, UK investors also played their part in the market, being responsible for 24 per cent and 33 per cent of activity in the City and the West End respectively.
And Rasheed Hassan, director of Cross Border investment at Savills, added that the level of interest in London from overseas buyers is expected to continue on its upward trajectory.
"While the turbulence continues in the wider global economy regarding commodity prices, equity markets and political uncertainty, we do expect this level of overseas interest to be sustained in central London," he said.
As long as the capital's commercial property market is considered a safe haven by investors, it seems demand for assets on its busiest streets will remain strong if the sector returns impressive profits in the coming months.