Tue, 02 Nov 2010 | COMMERCIAL PROPERTY
The prime London commercial property market has remained a strong drawcard for foreign investors enticed by its economic stability.
Despite recent market upheavals that resulted in many assets falling in value, the commercial property market in central London is still very appealing for investors and occupiers, who are especially drawn to office developments located in the West End and the City of London.
The ever-increasing appetite for London's commercial property is helping to speed up the sector's recovery, says estate agent Prickett & Ellis.
"The current stability of our economy is appealing to overseas buyers and from outside looking in, it must be one of the safest economies to invest in, in light of the coalition's current cutbacks," said the property agents.
Despite fears that the comprehensive spending cuts recently announced by the government would cause interest in commercial property in the UK to wane, this has not been the case.
On the contrary, George Osborne's measures appear to have been 'well received' as there was 'no immediate adverse reaction' from the financial markets, according to property company GM Real Estate.
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