The Forecast for UK Commercial Property Development in 2019

With the uncertainty surrounding Brexit, many are apprehensive about investing in the UK property market. We believe that there are still opportunities to be had if you know where to look.

The effect that Brexit has had so far on the UK housing market seems to be confined to London and high-value properties over £2m. The fear of Brexit is heightened across these markets mainly because the financial commitment is so much higher. Across the country, average house prices have continued to rise – mainly propelled by regional markets. It is also worth noting that as the pound continues to fall relative to other currencies, it is then more attractive for overseas buyers to invest in UK property, thus buoying demand and helping to keep house prices afloat.

However, the demand for UK industrial real estate remains strong. Distribution units and multi-let portfolios have continued to perform well as volumes hit £3.6bn which is roughly 13% of all commercial investment activity in the UK according to many industry reports. Strong demand has been underpinned by the positive market conditions and popularity of e-commerce.

So commercial property looks good for property developers in 2019 despite the possible effects of the Brexit outcome. However, most banks and high street lenders are still very slow to support property developers in this sector. Companies such as Monopoly Finance, who specialise in property finance, are positive about the future of developing commercial property and can even offer a 100% funding solutions to developers wishing to take advantage of the current economic landscape.

Popular Locations for Commercial Development

Warehouses are mainly located in the Midlands as it makes sense to be able to access all parts of the United Kingdom with ease. Amazon. for example, currently has 13 warehouses in the UK, including one in Coalville, one in Daventry and one in Milton Keynes. Another such example is Panettoni Park, where more than 1.6 million sq. ft of industrial and warehouse units available in Q4 of 2019 will be developed close to Northampton. Industrial units are also planned for the green belt around Coventry Airport, which will also include foot and cycle paths and a community park.

With the increase in warehouse activity, it makes sense that as they expand, they are looking for new recruits. This makes property in certain midlands towns such as Northampton and Leicester in the east and Coventry in the west more appealing.

Currently, Northampton is one of the best places to invest in UK property and this is proven by homes in the town selling on average in 33 days, making it one of the quickest in the country for house sales. This indicates a high demand – possibly from those who are moving to the area for work. This has led to house prices in Northampton rising by 5.3% in the year to October 2018 – a larger increase than the national average.

About Monopoly Finance Ltd

Monopoly Finance Limited provides financial solutions for residential & commercial property. We can access some of the best rates in the market and we move quickly, helping our clients to obtain the finance that they need fast. We can also offer a 100% funding option for commercial development in the UK. We offer excellent customer service and a full end to end solution. Monopoly Finance offers a personal and professional independent advice service which does not stop simply because your finance application has been completed. Understanding everything that you should consider in the advice process is critical and our specialists bring years of knowledge and experience to help with this.

To investigate your bridging loan options call us at 0207 101 3333, or please visit our website www.monopolyfinance.co.uk.

Media Contact
Company Name: Monopoly Finance Ltd
Contact Person: Greg Collier
Email: Send Email
Phone: 0207 101 3333
Country: United Kingdom
Website: https://www.monopolyfinance.co.uk/