24th October 2013
UK Property investors and developers are increasingly investing in properties located outside of the capital due to the large sums of foreign money that are already being spent there. A leading property agent has claimed that this increased commercial property investment is both causing and a cause of economic regeneration of these areas. With prices outside of London still as much as 40% below their peaks, it appears that domestic and local investors are the ones who are taking advantage, as evidenced by the Financial Times article about Toscafund, the hedge fund that is betting millions in a cheap property swoop up north.
With London commercial real estate booming and house prices in the capital rising by almost 10% each year, foreign investors clearly cannot get enough of London property and its perceived safe-haven status. However, many are now speculating that this boom may be set to continue into other regions in the UK, so here at Prideview Properties we are expecting our services to be in high demand. We have more than 25 years of experience when it comes to both the acquisition and sale of commercial property and, as we deal with properties throughout the UK, this report of such a promising forecast is welcome news to us.
We are not just commercial property agents in London and are always available for those who have an interest in investing in property within the UK. We also provide guidance relating to commercial and residential properties in overseas locations such as UAE, India and Spain, meaning that our range is particularly broad. We have a proven track record of success, even when the prevailing trend for property investment has not been as optimistic as at present, so if you require any further information please feel free to contact us for a free consultation.
