Ruby Estates reports strong demand - commercial mortgages

19 April 2007

Ruby Estates has reported strong demand for office rental in London as businesses continue to seek out desirable premises in the capital, further indication of a buoyant commercial rental sector.

The company reports an increase in pre-tax profits of 79 per cent in its latest results, bolstered large buy London demand. These trends suggest that interest in London commercial property is strong and could be on the rise, attracting new business tenants and firms prepared to take out commercial mortgages.

Strong results have sparked fresh interest from investors from both the UK and abroad, looking for lucrative opportunities in high-demand areas.

"Private buyers, from both the UK and overseas, have continued to compete with institutional investors, who are increasing their target weightings for property," Ruby Estates chairman David Tye told Landlord Expert.

Ian Fletcher of the British Property Federation states that demand for tailored property in London is helping boost the commercial property market.