Shops for sale in North London are just one of the excellent opportunities currently offered with commercial property in North London.

One of the interesting things about commercial property in North London is that this can provide a more stable form of investment than other kinds of property. There has been lots in the news about house prices flat-lining, although this always has to be understood from a country-wide perspective. Overall, residential property is set for a much brighter future in 2013 than it enjoyed in 2012. Some disappointing drops across England and Wales and in the north especially drove average figures down, but in London residential property saw a 7 percent leap on last November’s prices. Prices across the city now average £365,000, with many areas commanding much higher prices.

Residential property is just one sector. Office space comprises a second kind of commercial property London, but the last few months and years have demonstrated the volatility of this. At one point, not long after the crash of 2008, the cost of office space was down 40 percent – and about 50 percent in some areas. This was followed by a sudden uptick, due to the dearth of new developments and the consequent bottleneck. Still, as many people lost out heavily as gained on the competitive prices, and much of the funds came from foreign investors who were in a position to jump at a bargain.

Retail space, by contrast, has been a lot more stable. Shops to rent in north London are a better long-term prospect, at least for those who are willing to put their money in and stay it out for at least a few years. Consequently a shop for sale in London might be a more promising prospect for a landlord looking to make an investment into commercial property in north london.

Retail space tends to follow nominal GDP growth relatively closely, as might broadly be expected. Despite the ups and downs of a business cycle, this means that if you take a long view things should broadly continue upwards, and never fall too badly. Office space, on the other hand, is affected by other factors, including the development cycle. The volatility that this brings to the sector can be concerning for landlords, unless they plan to hold onto the property for decades. Naturally, as sales prices fall yields rise, so if you judge your timing well it can nevertheless be a lucrative market.

Visit https://www.claridges-commercial.co.uk for further info.