An Essential Guide to the South West Property Market
This year, JLL took a slightly different approach to its Review, by providing an essential guide to the South West Property Market – where to live, where to work, where to buy and how things might look in the future.
Over 50 JLL clients and business contacts were in attendance to listen to the JLL speakers (Jeremy Richards, John Mulholland and Cathy Francis), give an overview of the market, as well as to enjoy an informal networking session over breakfast.
John Mullholland, Director, Development Consultancy, said:
"With office take up in 2015 reflecting the previous year 2016 sees Bath enter what could be a defining period in terms of office based employment. The refurbishment of 20 Manvers Street, development at Pinesgate and Bath Quays all present opportunities to reinforce the city's status in office terms and establish a step change in office values. This alongside improved connectivity can only enhance the status of the immediate sub region focussed on the creative sector, T.M.T and the entrepreneurial spirit demonstrated by the likes of Sir James Dyson. Alongside this Bath continues to punch above its weight as a retail and leisure destination."
Cathy Francis, Director, Planning, commented on the residential market:
"The residential market in the South West has reflected the national picture in terms of price rises. There are however regional variations with Bristol house price rises of nearly 10% over the last 12 months. We expect similar increases in 2016 driven in part by the overall lack of supply. City Centre apartments both new build and conversions have seen the highest price growth with schemes in Bath and Bristol seeing over 25% increases in average sales prices. The investor profile particularly overseas investment has also changed with the UK seen as a safe haven and attracted to the region by inflated margins in London."
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Take a look back at our South West Market Review in Bath in 2015 and 2014.
View our press release on the 2015 South West Market Review event in Bath here.
Find out more about our capability in the South West
Download our South West property data sheet