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Offices to let in London 'are an attractive long-term investment'23rd September 2010

Serviced offices in London offer a number of attractions for investors, one expert has suggested.

George Shaw, manager of the Ignis UK Property Fund, told Citywire prospects for the south-east and capital remain positive despite the Investment Property Databank's latest monthly index.

These statistics revealed capital growth in the commercial property sector was 0.1 per cent in August, the lowest monthly figure for over six years.

But Mr Shaw stated: "This slowdown was not unexpected as the market has rebounded off lows."

And despite predictions growth will tail off, he remains confident that offices to let in London and the south-east offer an attractive long-term option for investors.

The appeal of property lies in its income potential and prospects for capital growth, Mr Shaw added.

Earlier this month, Digby Flower - head of Central London Agency at CB Richard Ellis - remarked the commercial property market in London has seen a "remarkable turnaround" during 2010.
 

 

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