It doesn't matter whether your interest is in the residential or commercial property market place, it would be highly unusual if London and the South East didn't lead the way in any recovery!
News of a bounce in London's commercial property sales maybe a sign that things have at least stabilised. Property agents Cushman and Wakefield report a 110% increase in London commercial property sales in the 2nd quarter of 2009, driven by bargain hunting overseas investors, distressed sales and the value of sterling.
Although sales are still lower than a year earlier, this can only be good news! Stable or slightly increasing prices may just mean it will become easier for UK borrowers to obtain a commercial mortgage sooner rather than later.
