Contrast between commercial & residential property sector current prospects
Whilst most current data indicates that, save for certain hotspots, the residential property market remains weak, with prices falling in many places, the prospects for commercial property, particularly in London, appear to be on the up.
According to W A Ellis, commercial property values may have increased by up to a whopping 20% (although we are somewhat circumspect about these figures) in May 2011. Apparently, several factors are contributing to this mini boom, including improved sentiment in the professional services sector and not least foreign investment due to sterling’s weakness.
