Real Estate Survey Report 2017/2018

Our 2018 Real Estate Survey report underlines that all eyes are on Brexit – and yet, despite ongoing uncertainty about the terms of the UK’s departure from the European Union, many of our clients remain bullish and confident in what the future will bring.


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Meeting the challenges

Confidence in the market remains stable, our survey found, though rising pessimism about retail contrasts with optimism about specialist residential markets.

In broad terms, our respondents see promising signs in the economy, though these might be tempered by the outcome of Brexit negotiations.

The planning system remains the greatest obstacle to residential development in the UK, and is a leading concern for our respondents.

Tackling resourcing among local authorities may go some way to confronting the problem, but there are other factors requiring longer term solutions.

The stamp duty surcharge on buy-to-let and second homes emerged as the main story about property taxation, particularly in terms of its impact on prime London residential.

There is also appetite for wider reform, including relief for downsizing homeowners and VAT discounts on repairs and maintenance.

We hope you find the insights contained within this report useful. If you would like to find out more about how Smith & Williamson can help you navigate the issues dealt with in the following pages, please don’t hesitate to contact us. Our experts are ready to help.


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Jackie Oakes

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