Serviced offices in the capital could soon see improved growth, after one expert reported central London property is continuing to thrive despite the economic downturn.
Jennet Siebrits, head of residential research at CB Richard Ellis, said the majority of the London property market is trying to avoid the double-dip recession, like the rest of the UK.
"However, in what is truly emerging as a tale of two cities, the prime central London property continues to defy the downturn thanks to strong interest from international investors," she continued.
Ms Siebrits stated prime London property remains popular partly due to the international attraction of its universities.
Furthermore, prices have risen due to the reluctance of business people to sell until the values of their properties increase and a lack of new developments being in the pipeline, she added.
Recently, Michael Rhydderch, partner at real estate adviser Cushman and Wakefield, remarked the UK commercial property market has rebounded since it fell during the recession.
