Commercial property has been praised across the country for its levels of performance for quite some time, but wherever you look there always seems to be another story that bolsters that promise to even higher levels. According to the BBC, Northern Ireland has recently posted its best results in years with regards to the commercial property industry. Apparently, 2014 alone saw a total of £500 million being made in terms of sales, and this represents an increase of 186% when you compare the situation to 2013’s results. That’s a staggering amount of growth, to say the least, but the question on many people’s minds is now ‘just how long can this success realistically keep going?’
It’s definitely a legitimate question, and without being a fortune teller you can’t provide a conclusive answer, but there are undoubtedly trends to observe and predictions to make. In the rest of this post and in our forthcoming feature, we’ll be discussing a number of likely developments that most analysts are looking forward to over the next 12 months. Read on to find out more…
Continuing Levels of Growth
If you want a summary of the main talking points, then this is probably it: commercial property is going to continue to excel throughout 2015. In terms of the UK as a whole, the highest level of growth since 2010 has been witnessed, and that’s almost universally acknowledged. However, that’s not the whole story, as there should certainly be more to look forward to as well.
One of the standout points to remember this year by has been the dominance of London in the commercial property headlines, but if you looked closely you’ll have also seen that many other UK areas were beginning to creep out of the capital’s shadow by the close of the year. Encouraged by the unprecedented escalation of many London property prices, opportunities elsewhere were becoming increasingly attractive, and the ongoing economic recovery is set to keep that ball rolling.
Stay tuned for the second half of our discourse on what 2015 holds, but do remember that there are solutions if you’re finding the aforementioned London property climate hard to navigate. The Prideview Properties team specialises in investment property in London, and we’re more than happy to guide you to all the best deals both during this year and beyond. To find out more, contact us now by calling 0208 863 8680 or email our professional team at email@example.com.