Buyers from the Middle East are increasingly being tempted to invest in UK commercial property, even as buyers from other regions cut back.

Investors from the area were responsible for 24% of total overseas purchases in the fourth quarter, up from 10% a year earlier, figures from Fidelity International show.

Its head of real estate research, Matthew Richardson, said the pound had taken a battering and the price of oil had risen, luring back investors from the region.