Property Market Review December 2019

Take-up of warehouse space surges towards end of 2019

According to Savills, a wide range of occupiers are causing a surge in demand for industrial warehouse space (units of 100,000 sq. ft. plus), with take-up due to hit a total of 33 million sq. ft. by the end of this year. In particular, take-up by third-party logistics (3PL) providers has hit a record high, climbing to 8.3 million sq. ft. by Q3.

For full briefing click here. Property Market Review December 2019

 

Residential Property Review December 2019

A Conservative majority – what next?

According to Knight Frank, some certainty has returned to the property market following the general election result. Their opinion is that there will be growth in both property demand and supply, as those who were holding off action in the midst of political uncertainty decide to take the plunge.

For full briefing click here. Residential Property Review December 2019

Property Market Review November 2019

Growth confined to the industrial sector

The latest UK Commercial Property Market Survey from the Royal Institution of Chartered Surveyors (RICS), reports of 62% of respondents believe the commercial property market as a whole is in the downturn phase of the property cycle.

Projections for the retail sector remain in negative territory, whilst office rents are expected to see little change over the next three months. In contrast, the industrial sector, particularly in prime locations, continues to return solid rental growth projections for the coming twelve months in all parts of the UK.

For full briefing click here. Property Market Review November 2019

Residential Property Review November 2019

First-time buyer numbers hit a 12-year high

Numbers of people buying their first home reached a monthly high in August, achieving a level not seen since 2007, before the financial crisis.

The average first-time purchaser borrowed £175,361 or around 80% of the property value. The amount borrowed equates to a multiple of 3.52 of first-time buyers’ income, but with continuing low interest rates, this only represents 17.1% of total household income.

For full briefing click here. Residential Property Review November 2019

Property Market Review October 2019

Majority of commercial mortgage brokers optimistic about year ahead

The recently released ‘Broker Barometer’ from Shawbrook Bank has revealed that 67% of commercial mortgage brokers are feeling confident about the lending environment in 2020. Just over half of respondents (53%) stating they feel confident about business growth in the year ahead.

For full briefing click here. Property Market Review October 2019

Residential Property Review October 2019

Continuing uncertainty in residential property market

The latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey, has reported a decline in home listings coming onto the housing market, with the net balance for new instructions slipping to its weakest point for more than three years at -37%.

For full briefing click here. Residential Property Review October 2019