RETAIL PROPERTY PRICES OVERHEATING FOR PRIME LONDON SITES

Published: 03/06/2014

Everybody wants to secure a place on one of the hot spots in the London area. This has resulted in prime retail property prices overheating.
A lot of well known locations such as Oxford Street and Piccadilly Square are being overpriced because of the high demand of commercial property in those areas.

This comes as a surprise since it was  known that the market was cooling down and the prices were starting to stabilize. This seems not to be applicable for the prices in the highly wanted area’s, and even the surrounded area’s.

This has several results, with one of them being that investments are much more likely to be done in other cities like Manchester and Leeds.

The market for industrial property such as warehouses and factories in Leeds is forecast to see the highest rental growth and price increases.