Peterborough bucks trend - commercial mortgages

05 February 2008

In news which may interest those with commercial mortgages, the city of Peterborough is reportedly bucking the national trend as its commercial property sector has seen an increase in demand.

Commercial property agents in the area have said that a large number of firms have shown interest in Peterborough as a place to relocate to, causing a major surge in business, the Peterborough Evening Telegraph reports.

Local property brokerage director Steve Hawkins told the paper: "Whilst the investment market weakened significantly during the last quarter of 2007, occupational demand remains robust."

He added that the lower value of the pound was attracting more overseas buyers.

Another city whose commercial property market appears to be holding up well is Liverpool.

Last month Hugh Macdonald, director of property finance for the Royal Bank of Scotland in Liverpool, told the Liverpool Daily Post the property market in the city "continues to perform strongly".