London begins to bounce back as commercial property booms

 

5228443491_a7c3280259

Photo Credit: Eustaquio Santimano via Compfight cc

More and more people are flooding into the capital to live and work, according to reports showing London regaining some of its pre-recession eminence.

The FTSE 250 property company Shaftesbury said strong demand for all its commercial and residential space was pushing up rents and driving high occupancy levels.

“London continues to attract unprecedented levels of interest from across the world from businesses choosing to locate and invest here, from visitors seeking to experience its unrivalled variety of attractions and from those who live and work here,” it said in a trading update for the period between 1 April and 23 July.

 

Signs that the country is beginning to recover from recession are evident in the number of residential properties being bought and mortgages being approved. There is increasing trade on the high street and more investment into start-up businesses.

 

Whether you decide to rent or buy commercial space for your business it’s important that you have the right agreements in place to make sure you’re covered in every eventuality.