London property 'offers two years' growth'

Office design news from Morgan Lovell

Published on 02-03-2011

Investors looking for a good deal at the moment are being tempted to put money into prime London commercial property, as the city has seen two years of stifled growth and prices are therefore lower than might be expected, it has been revealed.

Naomi Heaton, chief executive at London Central Portfolio, said office interiors and other high-grade commercial buildings remain prime assets that will gain in value over the coming years and this is prompting speculation that prime London property could become a hotbed of activity over the coming months.

She commented: "There are also strong signals that investor appetite in London central is being stimulated by the inevitable interest in the Olympics in 2012."

Ms Heaton added that the continued weakness of sterling is also proving an attraction for overseas investors.

According to recent figures from Knight Frank, prices for prime London property rose by one per cent in February 2011, contributing to annual growth of eight per cent.

Posted by Ian Johnson