Riots ‘should not affect London property market’

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It is important that the effects of the recent rioting are not overstated in relation to London offices and other business premises in the city.

This is according to British Property Federation (BPF) chief executive Liz Peace, who says that while the events of the last few days have been “disturbing”, there is little reason to believe this will have a significant impact on the capital’s property market.

She explained: “The sort of assets that attract large-scale and overseas investment in commercial property are definitely still standing and are largely unaffected.”

In addition, the BPF hopes the industry will continue to seek to develop new properties in towns and cities across the UK regardless of the disturbances, she added.

Quintain Estates chief executive Adrian Wyatt also said earlier this week that he believes the market for London offices and other commercial premises in the city is “strong” despite the riots.

Posted by John Evans from http://www.mellersh.co.uk/News/Riots-should-not-affect-London-property-market/800697552.aspx

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