Commercial Mortgages 11% higher
on London retail sales
In central London, retail business
owners, also those with Commercial Mortgages found a rise on sales
The LRC, London Retail Consortium felt
that sales in December rose 11 per cent more than last year (2005),
while the total amount recorded in 2006 were 11.5 per cent more
than in 2005 last year.
For the sales being so successful this
year more and more visitors came and took part. The LRC feels
that pre-Christmas discounts and sales following the busy period
helped bring high public traffic to shop.
"These are good results, driven
by some competitive retail offers and a strong recovery in tourism.
Said Kevin Hawkins, director of LRC.
"I hope we will keep up momentum,
although the comparatives with last year will get harder as the
months go by."
The confederation of British Industry
stated that after September, the rising in volume of purchases
"exceeded expectations" round December time.
The retailers with Commercial
Mortgages never thought that the growth of sales would lead and
follow through January term, which was quite pleasing.