Navigating the Future: South Coast Property Market Insights

The newest episode of The Business Magazine Property Podcast, hosted by Stephen Emerson - Managing Editor of The Business Magazine - explores the current state and outlook of the South Coast property market.

Our industry experts discuss key trends, challenges, and opportunities in both residential and commercial sectors and include:

• Ben Arnold - Land and Planning Director at Pennyfarthing Homes

• James Brounger - Head of Office for CBRE in Southampton

• Adam Tovey - Director at MSP Capital

Key points discussed in the latest instalment include:

1. Market challenges: Affordability issues for first-time buyers, rising interest rates, and increased build costs are impacting the property market.

2. Growth opportunities: Build-to-rent, bungalows, and high-quality developments with ample open spaces are seeing increased demand.

3. Commercial property trends: ESG credentials, higher specification offices, and pre-letting arrangements are becoming more prevalent.

4. COVID-19 impact: The pandemic has accelerated changes in office space requirements and work patterns, with a renewed focus on in-office collaboration.

5. Planning system: Experts suggest moving planning decisions outside of political influence to streamline the process and increase housing delivery.

6. Future predictions: Despite current challenges, house prices are expected to rise significantly over the next five years, driven by supply shortages and potential interest rate cuts.

7. Emerging trends: Build-to-rent for family homes, increased involvement of housing associations, and new government incentives for first-time buyers are anticipated to shape the market.

This insightful discussion provides valuable perspectives for property professionals, investors, and anyone interested in the evolving South Coast property landscape.