MARKET PERSPECTIVE - RESIDENTIAL |
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The RICS UK Residential Survey conducted in August 2021 indicates a slight reduction in activity which can be attributed to a reaction to the significant surge in sales recorded prior to the beginning of the Stamp Duty holiday phase-out, with an albeit controlled lifting of Covid restrictions this summer also playing a part.
When reviewed at a national level, whilst demand lessened across all regions in the last month of reporting, the outlook amongst survey participants still foresees a generally steady sales picture emerging over the near term, as the three-month expectations net balance remains unchanged at +4%, with longer term expectations for the next 12 months posting an upturn in demand of +7%.
The outlook for our region shows that we have one of the most positive expectations in the country, despite a review of the supply backdrop confirming a decline in the number of new listings which has remained negative in 8 of the past 9 months.
On the back of this, stock levels on estate agents books have dropped, whilst feedback points to market appraisals currently running at a slightly slower pace than the comparable period last year (net balance -10%).
The lack of available stock on the sales market is well reported and remains a key factor sustaining strong rates of house price inflation, where 73% of respondents to the survey reported prices increases over the latest survey period.
Please get in touch with us on 01962 880426 if you require working drawings or technical help with any of your projects. We would be pleased to hear from you, and delighted to get involved. |
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We have a fantastic team of people who are not only skilled in their respective roles, but also work together to create a working environment that supports each other, develops talent and strives hard to attain the highest standards. |
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Meet Nico Carstens - Senior Architectural Technician |
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"I have worked as an Architectural Technologist since 2001 working on various projects from commercial, such as the Waitrose store in Romsey, to White Friars Centre in Canterbury.
During the past 15 years, I have worked in the housing industry on projects for housing developers including Gleeson Homes, Wimpey Homes and Barratt Homes.
As an Architectural Technologist, I will lead a project from inception to completion, providing technical guidance to clients and liaising with construction design teams to bring new structures to life, specialising in the technology of architecture, focusing on the design of buildings for use and performance.
My work will include technical design, development and detailing, construction technology, sustainable design where feasible and contract administration. As an Architectural Technologist my work can be applied to new build, refurbishment, alteration and many other construction projects." |
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ARCHITECTURE - PROJECT FOCUS |
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Here is another example of a development where we supported with our architectural expertise.
This time, it’s a development of ten luxury, 3 and 4-bedroom homes located adjacent to the Oxford canal.
If you need any support from our Architecture team, please call 01962 880426. |
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The latest RICS UK Commercial Property Survey again paints a picture of disparity in occupier demand across the various sectors, although the prevailing sentiment across all sectors is one of cautious optimism.
As with previous reports, the industrial sector continues to report growth in occupier investor demand. The industrial sector is suffering a lack of supply of available, leasable space, which is behind a forecast rental growth between +3% and +5% over the coming year.
Whilst demand for offices still remains in negative position at -3% overall, demand trends are more stable than in previous quarters. Nevertheless, prime and secondary office rents are forecast to fall between +1% and +3% over the forthcoming year nationwide.
Demand for retail property is reported at -25% across the country. The continued levels of available retail space is creating an oversupply, whereby retail rents are forecast to decline with country-wide expectations between -5.5% and -8% over the next 12 months. Locally, demand within the secondary retail market is bucking this trend which is helping to hold rents up.
Strong investor demand for industrial property is underpinning an expectation of continued capital value growth for this sector. The investment demand outlook for offices has improved, influenced by the easing of lockdown conditions and changes to permitted development rights for residential conversion. Locally, there remains strong demand for retail investments, particularly from cash buyers.
Please call the team on 01962 888900 or email commercial@trinity-rose.co.uk. |
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Above Bar Street, Southampton - The property forms part of a fine brick building - the shop comprises a ground floor sales area with mezzanine offices above reached from a staircase at the front, with storage in the basement. |
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East Street, Hambledon - comprises an extensive end terrace Grade II Listed period property of brick construction under a pitched tile covered roof. |
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Northbrook Estate, Farnham - a mix of office and warehouse units which will be complimented by the two new units along with a new access road. |
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TRINITY ROSE CHARTERED SURVEYORS | TRINITY HOUSE | 123 WINCHESTER ROAD
Chandlers Ford | Hampshire | SO53 2DR |
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