What’s on the horizon for commercial property?
After a turbulent 2019 (particularly for retail), Savills has made some predictions for what 2020 could hold for the commercial property market. They fall into three main categories: overseas investment, office development and the future of retail.
For full briefing click here. Property Market Review January 2020
NEW YEAR, NEW YOU?
It’s the New Year. We’re all full of plans for what we want to accomplish and making resolutions left, right and centre. It could be hitting the gym, finally getting around to that long-awaited clear-out or… perhaps getting a grip on your finances?
For full briefing click here. Your Wealth Winter 2020
The UK officially left the EU on 31 January and is now embarking on an 11-month transition period during which formal trade negotiations will take place.
Brexit has undoubtedly been an arduous process, costing two British Prime Ministers their jobs and dividing families the length and breadth of the country. However, since Boris Johnson won an landslide victory in December’s election with a mandate to ‘get Brexit done’, the UK had been heading inexorably towards the EU exit door.
For full briefing click here. Economic Review January 2020
Experts’ predictions for 2020 – ‘cautiously optimistic’
The Conservatives’ general election win and increased certainty on the direction of Brexit have led property experts to predict growth confidence in the housing market in 2020. However, their optimism is cautious, according to researchers at Savills who have predicted a 1% rise. The Royal Institution of Chartered Surveyors gave a more confident prediction of 2%.
For full briefing click here. Residential Property Review January 2020
GET YOUR FINANCES ON TRACK IN 2020 WITH THESE HEALTHY HABITS
After the excesses of the festive season, many people are looking to get fit and shape up for the New Year. Of course, improving your lifestyle is a worthy goal, but don’t forget that it’s also a perfect time to whip your finances into shape. So, as well as hiring a personal trainer, why not focus on getting your finances looking as healthy as possible?
For full briefing click here. Your Money Winter 2020
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
INTEREST RATES ON HOLD
The Bank of England (BoE) left interest rates unchanged following the latest meeting of the Monetary Policy Committee (MPC), although two members of the nine-strong committee once again voted for an immediate cut in rates.
For full briefing click here. Economic 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
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
GROWTH SLOWEST SINCE 2010
Although the UK economy did expand during the third quarter, thereby avoiding recession, growth was weaker than expected with the annual rate of expansion the slowest in almost a decade.
For full briefing click here. Economic Review November 2019