Young professionals favour the south coast

London’s dominance at the top of the property hotspot list for young professionals has taken a hit according to research published by Lloyds Banks, reports Richard Carr.

One way ticket to the south coast

Fortitudo Property Development Specialist Richard Carr gains planning permission and overseas developments of luxury properties in the south coast of the UK and isn’t surprised to see a buck in the trend.

Places such as Hove, Brighton and Bournemouth have all becoming leading property hotspots for 25 to 44 year olds to purchase homes. Hove leads the list whilst neighbouring Brighton is the fifth most popular.

Hove and Brighton rank highly ranks to the relatively short commute into the capital. Despite this, 16 of the top 20 areas that attract the highest proportion of young professionals is London. The majority of the places are fairly obvious with Wimbledon, Battersea, Fulham and Islington all high on the list.

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Demand for commercial developments reaches peak

Fortitudo Property Development Specialist Richard Carr today looks at the rising rents that are putting the office property market under threat.

Commercial Property in demand

Richard Carr Office Space image

An example of industrial office space

According to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Market Survey, the demand for commercial property across the UK now stands at its highest in over 17 years.

Since the turn of the year there has been a rise in demand for office space, however availability has fallen, meaning that a rise in rents is likely.

Where are businesses to turn to next? Nick Harrop of Hitchcock Wright & Partners believes that business bosses may turn to industrial space.

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Will the housing market benefit from online auctions?

It has been reported this week that property auction house Allsop is planning the country’s first ever online-only auction for new build homes, writes Development Specialist Richard Carr.

Online

Richard Carr

Will property auctions succeed online?

The internet has transformed the way that the UK shops. Virtually anything that is consumable can be purchased online, but will an auction style method work for the property market?

On Wednesday 10 June, newly built flats on the outskirts of London will go under the hammer for exactly 24 hours and 5 minutes.

Allsop’s residential auction partner Gary Murphy, explained: “This new service provides a superior route of sale for new properties and will co-exist harmoniously alongside our traditional ballroom auctions.”

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Bournemouth is the UK’s fastest-growing digital economy – who would have thought it?

Richard Carr, a Commercial and Residential Development consultant based in the south east of England, is delighted at the recent news that Bournemouth is the UK’s fastest-growing region in the digital economy, as reported by the telegraph.co.uk.

Digital economies booming outside of London

Richard Carr Bournemouth Coast

Bournemouth Pier

The average perception of Bournemouth is one of sand, sea, and the Pier! How many people would have put the coastal resort town down as being the home of the country’s fastest-growing digital economy?

The majority of outsiders wouldn’t have, but those that reside and operate in the area are well aware of the burgeoning digital hub that is being created in the town.

74% of the UK’s digital firms are now based outside of London with Bournemouth, Liverpool and Brighton emerging as the industry’s runaway leaders.

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