Shops to let in north London are just one of the great opportunities currently offered by commercial property London. One of the interesting things about a shop for sale in London is that this tends to provide a more stable form of investment than other kinds of property. There has been plenty in the news about house prices stagnating, although this always has to be viewed from a country-wide perspective. Overall, residential property is set for a rather brighter future in 2013 than it enjoyed in 2012. Some disappointing falls across England and Wales and in the north especially dragged average figures down, but in London residential property saw a 7 percent bounce on last November’s prices. Prices across the city now average £365,000, with certain areas commanding considerably higher prices.
Residential property is just one sector. Office space forms a second strand of commercial property London, but the last few months and years have betrayed the volatility of this. At one point, not long after the crash of 2008, the cost of office space was down 40 percent – and nearer 50 percent in some areas. This was followed by a swift uptick, due to the lack of new developments and the consequent bottleneck. Still, as many people lost out heavily as gained on the cheap prices, and much of the money came from foreign investors who were in a position to snap up a bargain.
Retail space, by contrast, has been a lot more stable. shops to rent in north london are a better long-term prospect, at least for those who are prepared to put their money in and stick it out for at least a few years. Consequently a shop for sale in London might be a better prospect for a landlord looking to make an investment into commercial property London. Retail space tends to follow nominal GDP growth relatively closely, as might broadly be expected. Despite the ups and downs of a business cycle, this means that if you take a long view things should broadly continue upwards, and never dip too badly. Office space, on the other hand, is affected by other factors, including the development cycle. The volatility that this brings to the sector can be scary for landlords, unless they plan to hold onto the property for decades. Naturally, as sales prices fall yields rise, so if you judge your timing well it can nevertheless be a lucrative market.
Please visit https://www.claridges-commercial.co.uk