According to leading property news company Property Magazine International, the UKs property industry has finally reached an all-time high for 2014, following an impressive month on month increase between the months May and April.
Statistics provided in the article show that there was a 0.8% increase in property value between the two months, which saw values rising to a national average of 1.1% in May. Despite these record-breaking figures, experts still predict another rise in commercial property statistics as they expect 2014’s figures to emulate 2007’s property market prosperity. Most commercial real estate showed a 1.6% return over the course of this time.
Research experts indicated that despite a 1% increase in value, retail commercial property was still underperforming compared to its other commercial property counterparts like industrial property. A further 0.9% increase in May signalled a 1.4% increase in returns for the retail sector in April. Meanwhile, the recordings in other sectors were equally impressive with industrial commercial property and offices delivering a 1.2% and 1.3% growth respectively.
London remained the best performer in the UK as statistics showed that shop rental in Central London was up by 0.7% while South East London shops were up by 0.1%. While the whole country maintained a high yield of 6.9%, the largest yield contribution was made by the capital, which has become a sanctuary for profit-focused investors. Central London alone produced a 1.8% yield in capital values, and understandably London could potentially be set for yet another wave of commercial property investors seeking to seize the currently available investment opportunities.
If you are an investor who wants to achieve high profit returns from investment property in London, you should certainly consult experienced commercial property agents. Here at Prideview Properties, we are experienced agents who can help you turn the current investment prospects into large profits through successful investments. For more information about our services please be sure to contact us on 0208 863 8680.
