Confidence in UK Commercial Property Development being at it’s lowest.
February 17, 2016
Recent survey from Savills point to confidence in UK Commercial Property Development being at it’s lowest since April 2013 – Growing the fears that the European referendum is hitting confidence among developers. There was positive in that January saw an increase in activity of 8.4% compared to 4.5% in December.
Fewer new planning consents are now being granted along with other figures in negative trend including public new builds and retail & leisure activity. The full report from Savills can be found here.
Kevin Mofid, a Savills researcher, is quoted to have said: “This could be that investors and developers are delaying capital expenditure decisions until after the European referendum and London mayoral elections.”
You May Also Enjoy
Rightmove: New data – Most affordable cities to rent in
Hull tops the list as the most affordable city to rent in The city of Hull tops the list as Great Britain’s most affordable city to rent in, with the average advertised rent in the city now £799 per calendar month (pcm), 48% below the national average Second on the list of Great Britain’s most…
Read More 
Bank of England Money and Credit – December 2024
These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £1.0 billion, to £3.6 billion in December. Net…
Read More 
Housing market gets off to its strongest start in three years, with new sales agreed up 12 per cent on 2024
The 2025 sales market has got off to a stronger start than in 2024 or 2023 with buyer demand up 13 per cent and 10 per cent more homes for sale Rising sales are supporting UK house price inflation which is +2.0 per cent in the year to December 2024, compared to -0.9 per cent…
Read More 
Westminster council must outline how their proposals on property boards will not hinder market
Westminster City Council must explain how their proposals to renew the existing Regulation 7 Direction and expand it to the whole borough will not hinder the sales and lettings markets, Propertymark argues. At present, some areas of Westminster are subject to a Regulation 7 Direction, which means consent from the Council is needed to display…
Read More 
National Federation of Builders View on Chancellor’s Speech
At the Autumn Budget 2024, Chancellor Reeves scaled back her interference in the planning process. However, in her speech today, she returned to the position that a well-functioning planning system is crucial to not only enabling growth but, more importantly, sustaining it. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), commented: “The…
Read More 
Landlords and Tenants: A Balanced Relationship in the Private Rental Sector (PRS)
New findings from Leaders Romans Group’s (LRG) latest survey reveal a balanced picture of landlord-tenant relations in the UK. Contrary to negative stereotypes often portrayed, the data shows that tenants view their landlords positively while highlighting areas for improvement in communication and responsiveness. The survey found that 55% of tenants believe their landlord provides quality…
Read More