During their survey, London commercial property ranked #1 amongst other property investments, supplying the most expensive office rentals in the world – more than 3 times the rental income of Midtown New York!

But that is not all…

During their survey, they revealed that to rent commercial property investments in London’s West End, property investors could expect to pay annual rents of as much as £123.14 per square foot, whilst in other countries:

· Hong Kong’s Central Business District costs £96.88 per sq ft

· Mumbai costs £84.59 per sq ft

· Moscow costs £84.15 per sq ft

· Midtown Manhattan costs £43.38 per sq ft

Comparing the rental values of 176 cities across the world, it is undeniable that London has got the strongest rental values around. Comparing London to Hong Kong, London supplies more than £25 per sq ft annually.

However, despite London’s growing dominance across the commercial property sector, rental values are still down on their 2007 peak with only 33 out of the 176 markets rising in value…

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Approximately £1 billion every year is stolen through mortgage fraud. However since the onset of the recession, there has been a greater vigilance against this fraudulent activity as lenders have strove to protect their businesses…

In the past sub-prime, buy to let and self-certified mortgages have been the routes of choice for many fraudsters, which has prompted the majority of lenders to reduce their product availability in these 3 market places.

Similarly with the economy forcing many lenders to be careful with their costs, the last 2 years have witnessed a greater emphasis on fraud prevention, detection and recovery of losses.

However, recent growths in the economy have left many property advisors fearful that this vigilance against fraud will lessen as more and more lenders enter competitively onto the property investment market.

Luckily the continued support of the HM Revenue & Customs, Land Registry and police force can provide lenders with the help they need to maintain this robust approach:

• HM Revenue & Customs – their recent pilot scheme to help mortgage lenders identify fake documents has prevented over £111 million of fraud on commercial property investments
• Land Registry – have sought to increase their anti-fraud activities by hiring new staff, improving their training and updating their registry system. With these improvements they have managed to prevent fraudulent activity against property investments worth over £20 million
• City of London police – is currently working on 15 cases and have recently given life sentences to a gang believed to have conned high streets out of £8 million

In addition, the NFA and Metropolitan Police have recently teamed up to form a Mortgage Fraud Forum that will work to gain an increased understanding on mortgage fraud. Through this knowledge acquirement they hope to be able to implement new measures which will make it harder for individuals to commit mortgage fraud.

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