Together launches property market insights report
The Together research studies of both SMEs and consumers gives a better understanding of their ambitions both now and in the future.
The report includes:
- Views from SMEs
- 30% have delayed expanding their workforce, while the average SME reduced their planned investment in their business by over 20%.
- Only 13% of SMEs were able to access the funding they required from high street banks.
- Commercial property trends and future opportunities
- the demand for quality office space amid caution over new developments;
- supporting changing consumer behaviours and significant e-commerce growth
- retail and leisure concepts prime for reinvention.
- Social Housing – while more than 1 million households in England wait for social housing:
- 52% of social landlords are considering scaling back development due to lack of funding options.
- The Intermediary viewpoint on growth:
- 68% of intermediaries expect their business to grow in 2023 and anticipate this growth to come from second charge and bridging products.
- 97% of our intermediary partners agree that there will be a rise in specialist lending requirements this year and mostly with re-mortgagers and the self-employed.
Link to download the full report is here: https://togethermoney.com/property-market-report