When we talk about world economy, the United Kingdom commands massive numbers. It’s also no surprise that it rakes in a huge amount of businesses within its borders both domestic and foreign corporations, small and large alike. Such pull and rise in demand makes a UK commercial property investment not only charming but also very lucrative.
But apart from its economy, there are a good number of factors that create and push for asset appraisals and heighten demand. They are as follows.
As mentioned, UK commands business of all kinds and sizes. London for instance is a world leader when it comes to commerce and finance. In fact, finance plays a huge part in its economy as it is the city’s largest industry. It has been a strategic booming area where you can see numerous financial companies, brokers, legal firms, insurers, accounting firms and even fifty percent of the Fortune 500 companies. Its residents include the stock exchange and the Bank of England to name a few.
It is no doubt one of its strongest characteristics as it is a top tourist destination with an estimated fourteen million international visitors annually. Such factor has promoted the growth of related businesses like transportation, hotels, restaurants, housing, souvenir shops and the like. Some of the country’s most visited sites include the British Museum, the Tate Modern, the National Gallery, the National History Museum, the London Eye, the Science Museum, the Victoria and Albert Museum, the Tower of London, the National Maritime Museum and Madame Tussaud’s to name a few.
Its strong transportation sector also favors the situation allowing for a healthy level of trade, both imports and exports, as well as tourism. London is considered as the biggest city airport system in the world and houses one of the biggest ports in the planet that handles about fifty million tons of cargo every year.
The UK is also major centre for higher education with over forty three universities. This has attracted students from all over the world. Businesses such as bookstores, housing rentals, computer shops and other related establishments continue to grow because of this thus further elevating the demand for various commercial property investments in UK.
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