Commercial property in London ‘could be a good investment’

Posted 19/08/2010

Buying commercial property in London could be a good choice for would-be investors seeking to acquire new premises.

This is according to Douglas & Gordon director Ed Mead, who said there is currently “an awful lot of interest” in the capital from willing buyers now that the recession has died down.

“London is always a safe haven, not just in terms of its economy and its position in the world, but it is also one of those places which happens to be politically stable,” he explained.

He added that properties at the higher end of the market are likely to start selling more quickly again as buyers return to the property sector.

This comes after recent research from Savills found that the total value of London properties sold for more than £5 million during the second quarter of the year reached £850 million, the second highest quarterly value on record.