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Navigating the Future: South Coast Property Market Insights
Manage episode 426503401 series 3551059
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This episode of The Business Magazine Property Podcast, hosted by Stephen Emerson - Managing Editor of The Business Magazine - explores the current state and outlook of the South Coast property market.
Our industry experts discussing key trends, challenges, and opportunities in both residential and commercial sectors and include:
• Ben Arnold - Land and Planning Director at Pennyfarthing Homes
• James Brounger - Head of Office for CBRE in Southampton
• Adam Tovey - Director at MSP Capital
Key points:
1. Market challenges: Affordability issues for first-time buyers, rising interest rates, and increased build costs are impacting the property market.
2. Growth opportunities: Build-to-rent, bungalows, and high-quality developments with ample open spaces are seeing increased demand.
3. Commercial property trends: ESG credentials, higher specification offices, and pre-letting arrangements are becoming more prevalent.
4. COVID-19 impact: The pandemic has accelerated changes in office space requirements and work patterns, with a renewed focus on in-office collaboration.
5. Planning system: Experts suggest moving planning decisions outside of political influence to streamline the process and increase housing delivery.
6. Future predictions: Despite current challenges, house prices are expected to rise significantly over the next five years, driven by supply shortages and potential interest rate cuts.
7. Emerging trends: Build-to-rent for family homes, increased involvement of housing associations, and new government incentives for first-time buyers are anticipated to shape the market.
This insightful discussion provides valuable perspectives for property professionals, investors, and anyone interested in the evolving South Coast property landscape.
#SouthCoastProperty #PropertyMarketTrends #UKRealEstate #PropertyInvestment #CommercialProperty #ResidentialDevelopment #PropertyPodcast
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