Smith and Williamson Property Survey 2012
The Smith & Williamson Property Survey 2012 is made available on Designing Buildings Wiki with the kind permission of Smith & Williamson. Some brief headlines from the survey are presented here, and the survey can be read in full by clicking on the link below.
File:Property survey 12 SV.pdf
The Smith and Williamson Property Survey 2012 (published at the end of October 2012) found a great deal of caution about the prospects for the future of the property industry, stating that ‘years of excess is taking years to unwind’.
The survey found considerable pessimism about the speed of recovery that could be expected. 46% of the 187 respondents felt the property industry would take four years or more to recover to pre-recession levels of profitability. 6% thought that it would never recover to pre-recession levels.
The survey found a very stark regional imbalance, with property in London continuing to 'defy gravity', whilst much of the rest of the UK suffered. Respondents were most pessimistic about the North East.
Whilst there was some optimism about the residential and agricultural sectors, there was a great deal of pessimism about retail, where there continues to be an over-supply of shops.
The key issues facing the property industry in the next 12 months were thought to be UK economic performance and the availability of bank finance, with banks still unwilling to lend.
The initiatives respondents felt would best assist the UK property industry were:
- Enhancing bank lending.
- Simplifying planning regulations.
- Using public funds to finance infrastructure.
- Cuts to property taxes and rates.
Find out more
Related articles on Designing Buildings Wiki
Featured articles and news
The teacher, architectural technologist and mum offers her insights.
Cable management materials shortage
Careful planning needed as supply chain issues continue.
The sensitive conversion of a neglected Cornwall structure.
Plan stresses local involvement in city, town and village development.
Carbon capture technology update
Environment Agency publishes BAT guidance.
C02nstruct Zero Performance Framework published
CLC guidance outlines carbon reduction priorities.
Bridge hopping highlights around the UK
Making the most of a staycation.
Organisation urges G20 to revisit wind energy.
The historian spent much of his life compiling architectural resources.
Thermal imaging and net zero targets
How technology can expose efficiency levels in existing buildings.
The garden heritage of Oxford and Cambridge. Book reviews.
Building capacity to better manage heritage.