With the UK finally leaving recession after the first double-dip downturn since the 1970s, companies are turning their minds to growth rather than consolidation and digging in. Property prices have dropped across the country, although commercial property London has been comparatively resilient – it has held up the rest of the country’s property figures over the last few months, though the average is still broadly flat. Now, shops to let in north London provide an opportunity for companies looking to take advantage of improving economic conditions as well as the somewhat depressed property prices that are still evident. Alternatively, a shop for sale in london may prove a prescient investment if you are in it for the long run, since prices can in the long run only rise.
The relative lack of space and limited new development suggests that competition will only get tougher in the long term. In the near-term, however, there are still a range of pressures on the market. Continued economic uncertainty – partly directed at Greece and the Eurozone, but more recently on the looming spectre of America’s ‘fiscal cliff’, which could drive the US and the rest of the world back into recession – means that fluctuations are to be expected for the foreseeable future. Job losses in the public sector and conditions for the financial sector are not balanced smoothly by the upturn for the private sector and, in any case, the ‘rebalancing’ of the economy means that different sectors are seeing growth and suffering cutbacks.
All of this means that commercial property London is in a state of flux, and certainly will continue to be for some months. Shops to rent in north London come in all shapes and sizes, suitable for all companies, and there are plenty of bargains to be snapped up for the company that has the cash to invest at this critical moment. Alternatively, a shop for sale in london may be a better prospect for some – particularly those with strong reserves who have a business model that is sustainable over the long term. It is worth consulting with an experienced estate agents to make sure that your needs will be met in line with your budget, since the specific location of a shop or other property can make a great difference to footfall and consequently the success of your enterprise.
Please visit http://www.claridges-commercial.co.uk for further information about this topic.