London property market recovery
The central London commercial property market has begun its recovery from the recession, research has suggested.
Last year saw an overall rise of 14 per cent in rental values across the capital, with the Docklands area seeing headline examples reaching an increase of 33 per cent from December 2009, according to research by Capita Symonds.
Alan Dornford, director of the company's real estate division, said: "The factors propelling the central London market, including the resurgence of the financial sector and strong interest from overseas investors, are likely to see the gap widen still further in 2011."
Mr Domford also noted that 2010's last quarter ended with a decrease in the number of office take-ups, but this simply disguised the fact that central London's market has recovered strongly.