The development of commercial property in London and the rest of the UK has now been on the rise for a very long time, and both the private and public sectors of this important resource are still gathering pace in terms of the number of ongoing projects.
Although private commercial development is slightly ahead of its public counterpart, both grew very strongly during May, and this marks the 21st month in succession that the commercial property market has been registering robust growth.
Britain has experienced relatively low construction figures over the last 7 years, and this means that there is a real lack of working space in certain areas. As such, utilising commercial property is an important asset, and according to Every Investor the commercial property sector could easily post double-digit returns this year.
This isn’t the first time that such a strong figure would have been realised, as double-digit returns were also present within the sector at the end of last year too. However, next year’s forecast is similarly optimistic, and, should the returns become manifest in 2014 as expected, this will mean that returns will have been at these impressive levels for a full 3 years.
Property investment has always been popular, largely due to its historical significance as a provider of stable and long-term income, and so the recent strengthening of the UK’s economy has provided the perfect climate for investment to now boom across the country as a whole.
London naturally remains the most competitive battleground with regards to commercial property, but the previous shortage of commercial space in other areas has now led these locations to rival the capital in terms of current commercial projects, meaning that there are plenty of opportunities to take advantage of.
At Prideview Properties, we specialise in serving as professional commercial property agents in London, although we also deal in commercial property elsewhere in the UK too. We can help you to make the right commercial property choices no matter whether you are an agent, entrepreneur, fund manager, investor, landlord or professional, and you’re guaranteed to find some excellent deals here on our website.
To find out more about how our long-standing commercial property consultants could be helping you, please don’t hesitate to get in touch with us by calling 0208 863 8680 or emailing firstname.lastname@example.org today.