This survey was conducted in September 2013 and 481 people working in the UK property industry provided some real insight into the state of the UK real estate market. The back drop was improving UK GDP, a nascent housing boom in London and concerns about when interest rates would rise.
The Government clearly wishes to stimulate a general economic recovery and the property industry is very much part of that. House price inflation has picked up and is expected to grow further in 2014, tempting more people into what looks like a one-way ride.
In the residential sector the story is one of a booming housing market, driven by loose money and tight supply. Commercial property investment is also back on track and expected to perform. However, the UK property market in line with the economy as a whole is still unbalanced.
The much reported troubles on some high streets ring true and to add to the problem many retailers are now paying more in rates than rent.
The causes and consequences of the financial crisis in 2008 have still not been completely dealt with and there could be more bad news in store for investors in due course, but for now such concerns have been put aside for another day. Environmental issues are still a long way off the top of most agendas, which may in itself indicate that we are not out of the woods just yet.
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