Published: 28/12/2023
My 5 key influences on the SME commercial & development market in 2023:
🚩Interest rates
- Rates go up, buyers need more out of their investments
- Fewer people in the market to buy, so less competition
- Less action in the market for agents
- It's as simple as that
🚩Help to Buy
- Love it or hate it, it encouraged developers to develop
- Taken out of the market in April 2023
- Apparently an alternative to be proposed in 2024
🚩Globel unrest
- With high levels of market uncertainty post Covid already, wars and global unrest only adds to the uncertainty
- More uncertainty means less appetite to invest
🚩Death of the high street......(or is it?)
- M&Co, Wilko and Paperchase all fell into administration in 2023
- Adding to those who went the same way in 2021 and 2022
- I firmly believe some very smart people will spot an opportunity on the High Street and make a fortune over the next 5-10 years
- The fundamentals of centralised shopping and leisure districts has existed for thousands of years - this isn't going anywhere.
🚩Energy Performance
- Lots of clients uncertain about what this all means and what it means for them
- We're having to sharpen our knowledge internally to help answer the questions
- Lots of information out there for the funds and large Zone 1 office owners, not so much accessible information out there for the shop keepers and hairdressers
Whozoo
Commercial Property, Expertly Done
www.whozoo.co.uk
🚩Interest rates
- Rates go up, buyers need more out of their investments
- Fewer people in the market to buy, so less competition
- Less action in the market for agents
- It's as simple as that
🚩Help to Buy
- Love it or hate it, it encouraged developers to develop
- Taken out of the market in April 2023
- Apparently an alternative to be proposed in 2024
🚩Globel unrest
- With high levels of market uncertainty post Covid already, wars and global unrest only adds to the uncertainty
- More uncertainty means less appetite to invest
🚩Death of the high street......(or is it?)
- M&Co, Wilko and Paperchase all fell into administration in 2023
- Adding to those who went the same way in 2021 and 2022
- I firmly believe some very smart people will spot an opportunity on the High Street and make a fortune over the next 5-10 years
- The fundamentals of centralised shopping and leisure districts has existed for thousands of years - this isn't going anywhere.
🚩Energy Performance
- Lots of clients uncertain about what this all means and what it means for them
- We're having to sharpen our knowledge internally to help answer the questions
- Lots of information out there for the funds and large Zone 1 office owners, not so much accessible information out there for the shop keepers and hairdressers
Whozoo
Commercial Property, Expertly Done
www.whozoo.co.uk
