Does global unrest change the case for investing in London?

Geopolitical unrest tends to change the mood music for UK commercial real estate. Just as the market was anticipating interest rates going down, the evolving situation in the Middle East, with the risk of imported inflation from rising energy costs, may bring interest rate rises. Meanwhile, the perception of some Gulf State cities, from Dubai to Doha, as low-risk places to live and do business has been challenged in recent weeks and may take time to recover.