THE LATEST PREDICTIONS FOR THE LONDON PROPERTY MARKET :

Market activity is still surprisingly buoyant although anything could happen and property investors should not be complacent. Cushman and Wakefield in a recent report stated that office space in the City of London and the Docklands has reached the highest figure recorded for five years.  That will be encouraging for developers but we cannot escape the fact that London is probably bucking the general trend throughout the country.

Storm clouds continue to circle. Bank bashing, higher tax levels, public spending cuts affecting contractors, possible inflation with continued low interest rates could all take their toll.  London is relatively well insulated and will probably come out relatively unscathed as long as businesses do not desert it in droves as in the early 90s.  London needs to continue to make itself attractive to investors and as long as it continues to do so, rents and returns should not fall too much.

Neil Spurrier

Back to latest news