New figures from Savills suggest that business confidence in London grew during 2011, despite a tough economy, after residential prices in the Capital saw a substantial rise.
Residential prices in some of London’s most priciest areas rose by a massive 10% during the year leading to speculations that the record year-end prices are providing early indications of a renewed business confidence in the Capital.
Interestingly the largest amount of residential interest came from overseas with 55% of sales during 2011 represented by international buyers. Geraint Evans, sales and marketing director at Avanta Managed Offices, said that this strong international interest demonstrates a particularly inspiring boost of confidence for the Capital. He commented: Ă˘â‚¬Ĺ›These international business leaders will help attract investors, wealth and jobs to London and that provides a positive outlook for the future.Ă˘â‚¬ĹĄ
In the face of the recession Avanta Managed Offices, which runs 15 flexible office space centres in central London, also saw record-breaking interest from businesses looking for office space during the past year. The operator has seen an overwhelming surge of new business interest for London areas and Geraint added: Ă˘â‚¬Ĺ›This massive injection of overseas cash into the Capital property market confirms our own year end figures which reveal that we achieved an average of 90% occupancy across all of our centres Ă˘â‚¬â€ś the highest average figure we’ve ever witnessed.Ă˘â‚¬ĹĄ
To Find out About the Most Flexible Office Space Options in London, Call 020 3773 2893
Most Popular Serviced Office Blogs at the Moment: