There is growing evidence that the UK property market is experiencing a revival after a tenuous few years during the economic downturn. Indeed numerous reports suggest that property prices are set to increase significantly across the UK over the coming years. Whilst the main focus to date has been on the residential side of the property market, it is interesting to note that the value of commercial properties is also set to rise. According to a recent article published in The Guardian, Britain’s commercial property market is thriving and this is particularly evident in relation to buildings such as offices and shopping centres. Furthermore as reported in a recent article , data from the Investment Property Databank (IPD) revealed that commercial property values in the UK increased by 1.6pc in June this year, a significant increase compared to last year’s figures.
According a further report there has also been a corresponding increase in demand for commercial property with the number of investors rising dramatically over the past 18 months. The report also quotes the director of the Legal & General UK property fund Rob Martin as stating that there is increasing evidence of a global desire for commercial property in the UK and in particular in London, though the reviving economy has also witnessed a ripple effect, with a growing desire for assets in regions outside of London also.
Significantly there is evidence to suggest that international investors are increasingly setting their sights on London in a bid to increase their assets. According to Reuters , 2014 saw London become one of the most popular destinations for Chinese investors for both residential and commercial properties.
With the current growth of the commercial property market there has never been a better time to invest in commercial property. Here at Prideview Properties we are experts when it comes to commercial property for sale in London. If you are looking for commercial property agents in London please do not hesitate to contact us here at Prideview Properties and one of our knowledgeable team will be happy to help you with your enquiries.
