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08/01/2010
Office demand 'to focus on London' |
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The commercial property market will recover strongly in London in 2010, in contrast with the rest of the country, it has been predicted.
Real estate firm King Sturge said the gap between the capital and the rest of Britain will widen as the financial sector regains strength, whereas other parts of the country will be harmed by the squeeze on public sector spending.
London will also be the only area to see rents increasing in the prime rental sector, something that may prompt a rising number of investors to seek to expand their portfolios.
Those planning to do this might wish to speak to a commercial property solicitor to help plan their next move.
Director of policy for real estate at the British Property Federation Ian Fletcher recently suggested the sector will only gradually emerge from the recession in the coming months, having entered a period of decline later than the rest of the economy.
Written by Pauline Adams
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