How flexible working could affect commercial property

The rise of flexible working and the phenomenon of renting desks rather than whole spaces is changing the way commercial property is managed.

It’s likely that an increasing number of large commercial spaces will be altered and converted into smaller units. These would be designed specifically to attract smaller tenants, including sole traders, start-ups and SMEs. Continue reading

Should the UK abolish Stamp Duty Land Tax?

A new report from the Adam Smith Institute lays out compelling reasons for the abolishment of the Stamp Duty Land Tax (SDLT) in the UK.

There are arguments to support the idea that stamp duty on the sale of property is jamming the housing market, forcing people to stay in houses that are too large for them, and preventing people from moving areas to access the jobs they need. The report states that stamp duty is the most damaging tax in the UK, and that the Chancellor should have scrapping it at the top of the agenda in the run up to November’s budget. Continue reading

The rise and rise of private rentals

We’re living through a time of huge cultural shifts, including in the property industry. Within a few short years, there has been such a rise in the number of private renters that mortgaged home owners will soon be in the minority.

Experts predict that by 2025, just seven short years away, the number of households owned by mortgage holders will be under six million. At the same time, the number if households living in private rented accommodation will be slightly higher, at six million. Continue reading

Can blockchain fix the UK’s property market?

Blockchain technology underpins the much talked about Bitcoin – the leading cryptocurrency. If you’re not sure what blockchain is, then think of it as a permanent ledger used to record transactions. In addition to being user generated, it’s also tamper proof and therefore represents an unassailable record of proof. And its potential for use in the property sector are wide ranging. Continue reading

Trends in workplace design 2017 and beyond

richard carr office designDesign trends in the workplace are continuously developing. Creating an environment that helps employees work to the best of their ability, collaborate effectively and maintain productivity is a constant challenge.

With Millennials (born between 1980 and mid-2000s) taking over as the largest group in the workplace and Generation Z (born between 1994 and 2010) starting their careers, we’re looking ahead to many seismic changes when it comes to how and where we work. Continue reading

How will Brexit impact the commercial building market?

The uncertainty surrounding Brexit and the ongoing negotiations has led to questions over the future of every sector of business. And commercial property is no different.

Following the vote in June 2016, investment in commercial property did fall somewhat. Hotels, office space and retail properties took the biggest hit. However, there is still plenty of demand from tenants and, while initial numbers suggested tentative behavior, it could be a market correction, not a crash. Continue reading

UK Commercial Property Demand Rises In Q3 2016

Fresh evidence indicates that demand for UK commercial property increased in the third quarter of 2016. Richard Carr comments.

Lucrative market

Commercial property is becoming increasingly critical to the British economy, now accounting for 10% of the country’s net wealth. Data from PIA (Property Industry Alliance) indicates that the combined value of the UK’s commercial property stock rose by 11% from 2014 to 2015, to reach £871bn. Continue reading