Bricks & mortar investment “has no rival” for US millionaires

London has pipped New York to be named as the world's top city for foreign estate investment opportunity, according to a survey by the Association of Foreign Investors in Real Estate.

Middle Eastern state already owns Harrods, the Olympic Village and 95% of the Shard

Asia’s leading property portal, PropertyGuru, has attracted a $175m investment (the biggest investment in a Southeast Asian tech company this year) from a consortium of three investors, including the…