Our recent Property Poll shows a marked decrease in confidence in the outlook for the sector over the next 12 months among property professionals. It isn’t difficult to pinpoint a few macroeconomic factors which might be influencing this: the failure of the ‘Strong and Stable’ Tory election gamble, continuing uncertainty around Brexit and the potential for rising interest rates, to name but a few. In terms of our own direct experience, some of our commercial property clients are reporting a hardening of lease terms in favour of tenants, but there is still a large appetite from investors with cash to spend. Equally, those in the residential development sector are looking at potentially retaining stock for private rental, perhaps reflecting the softening in residential property prices.
What we can offer you
Our specialist Professional Firms team can offer you a comprehensive range of services, each tailored to your requirements. These include: