Tue, 11 Oct 2011 | COMMERCIAL PROPERTY
Commercial property in London presents a unique investment opportunity, experts have said.
Matt Oakley, a property expert at real estate firm Savills, said that the way the UK deals with tenant and landlord agreements will be particularly attractive to overseas investors.
The reasons for this include the fact that in the UK commercial property tenants take on maintenance and insurance costs, whereas this isn’t always the case abroad. The advantage of this is that landlords don’t have to foot the bill for these services.
Savills said London offers “greater security of income” than many other locations and that as the economy recovers from recession, such agreements could provide a safe haven for foreign property investors.
Oakley said, "Most of the money that is coming into London is going into the London office market, which is probably one of the few western commercial property markets that is actually showing some upward rental growth at the moment.”
"You are getting the best of both worlds," he added.
Other property markets outside the UK have also seen a surge in interest recently. New York, for example, was recently named as having attracted the largest commercial property investment during the third quarter of 2011, followed by London
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