16
Oct
'Unprecedented' demand for property in London
People looking for property for sale in East Finchley or other London
locations may be interested in the comments of one industry
expert.
There is an exceptional amount of demand for commercial property in
the capital at the moment, according to Clive Bull.
He is head of central London investment at Cushman and Wakefield
and remarked on the upsurge in activity.
Mr Bull noted an increase in optimism in the market, which, he
said, could have contributed to the recent figures published by the
Investment Property Databank.
The organisation stated capital growth in the commercial property
market grew by 1.1 per cent in September this year - the biggest
rise since June 2006.
Furthermore, he said supply issues may also have contributed to the
results.
"There is pretty unprecedented demand for the UK and London at the
moment and precious little supply," Mr Bull commented.
When it comes to rents, he said they appear to be stabilising -
something echoed in the IPD report, which suggested rent levels
fell by only 0.64 per cent last month.