INDUSTRY INSIGHTS AND COMMUNITY NEWS
As the coronavirus crisis affects our businesses, working/buying habits and living situations, a very practical question arises. What do these additional pressures mean for the commercial property and real estate market?
Gain insight into the key trends affecting the UK property industry.
Commercial properties are emptying at an alarming rate. The number of shops lying empty soared by more than 7,500 last year.
The way people shop has changed. Between 2007 and 2018, online sales increased 6-fold while growth of in-store sales has lagged behind. As a result, high streets are having to evolve and adapt. This isn’t the only area of the property market that’s evolving, though.
A property owner who failed to disclose one of their flats was being used as an Airbnb, had a claim for water damage rejected.
RICS' outstanding commercial property development award goes to Jelf's Newcastle upon Tyne office in Grey Street.
As a property developer you may be aware of the trend in construction of tall towers and the potential they have in addressing the housing shortage. Constructing upwards is not without considerable risk.
Construction delays happen frequently. Penalty clauses are now a common feature in construction contracts. How can you avoid the finger of blame being pointed at your firm?