Shops for sale in North London have, like all commercial property in North London, suffered in recent times. The credit crunch and resulting recession hit properties hard in capitals across the world. In many of these, prices have still not risen much. In London, however, the picture is unexpectedly different. Commercial property took a real hammering as the economy nosedived, and grade A office space in particular was badly hit. That meant a couple of things. Firstly, yields rose quite strongly as sale prices fell but rental prices dropped less sharply. Secondly, there were significant opportunities for external investors who recognised a bargain when they saw one – which is what happened not long afterwards. The relative strength of the Euro against the pound meant that investors on the continent (as well as further afield) made the most of the low prices. Whether it was a high-rise development in the Square Mile or shops for sale in North London, it could be seem as a potentially lucrative asset.
This dynamic led to a sharp bounce back in property prices in the capital. This was supported by a relative dearth of additional development. As the long-awaited recovery appears on the horizon – subject to further problems from the Eurozone – the bottleneck this will cause is expected to nudge prices even higher once again. Things in London aren’t exactly ‘business as usual’ but the picture there is much better than in other areas of the country, which helps as well. The GDP figures that the country awaits from quarter to quarter are not a reliable local indication, since they are not uniform; London and the southeast, in particular, are in a much stronger position economically than elsewhere.
Shops for sale in North London can thus be seen as an investment opportunity. Property has fallen from grace as an investment in recent times, being blamed as a major strand of the global economic traumas that are still working themselves out. Commercial property London doesn’t play by quite the same rules as property elsewhere – office space, industrial, retail or otherwise. This means that, assuming you’re able to stay in it for the medium-term, you can expect to make a profit on your purchase. A shop for sale in North London might not have the prestige of a skyscraper on Canary Wharf, but with a little work you could find it yielding the same kind of return on investment.
Please visit https://www.claridges-commercial.co.uk