London is 'good for commercial space until Olympics'

04 August 2011

Written by Simon Whittaker

People looking for a commercial mortgage for business may wish to purchase property in London, as the prospects for real estate in the capital are expected to stay strong until after the London 2012 Olympic Games.

This is the prediction of Peter Mindenhall, researcher at IPINGlobal.com, who said that the capital presents "a very strong case" for this kind of investment if individuals keep "the relative short-term in mind".

It is "continuing to outperform the rest of the country", he continued.

A significant number of foreign investors are buying land in this city as the pound is very weak, the researcher stated.

The Olympics is "largely the driving force" at the moment and interest could be curtailed when the event is concluded, he noted.

"Continually assess pricing, yields and potential income" both before and after the Games, Mr Mindenhall advised.

The success of London has also assisted other regions in their recovery from the recession, where the availability of commercial property is contracting and take-up is increasing, according to Mat Oakley, director of commercial research at Savills.

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