Is Britain’s turbulent real estate market pre-empting an end in permitted development?
The data in our new report and from the Office for National Statistics (ONS) has revealed that the boom in PD projects peaked in 2017, and has been on a downward trajectory ever since.
Download your copy of the Naismiths Knowledge White Paper, ‘Has PD Peaked’, to explore our data analysis and what it means for the industry as we know it…
Gareth Belsham, National Director of Building Surveying, writes for Development Finance Today on the topic of pre-Brexit stock taking.
“Lending has always been a competitive endeavour. But those who triumph in this game of risk and reward aren’t always the ones who keep their cards close to their chest. With the probability of a no-deal Brexit edging closer as 29thMarch approaches, there couldn’t be a more apt time for lenders to grasp the nettle and purge their books”…
After intense pre-acquisition due diligence advice and successful acquisition by our prominent social care investor client, we have been instructed to procure and manage the multi-million pound, phased refurbishment, of 10 care accommodation facilities in and around Newcastle.
Works will be delivered by our northern building surveying team in the first half of 2019.
Writing for Building Magazine to start the new year with thoughts on industry preparation, Naismiths Managing Director Blane Perrotton believes “a painful period of stagnation can only be avoided if the industry is given time to prepare.”
“Two and a half years on from the referendum, the industry is still holding its breath for a concrete development, or even a whiff of clarity, to give developers, lenders and valuers the intel they need to plan ahead — whatever happens after March.”…
At the 2018 West Midlands Finance Awards in Birmingham last month, our very own Ben Harwood, Finance Director and National Head of Asset Recovery Solutions, was presented the ‘Highly Commended – Finance Director of The Year’ award.
Awarded to the Finance Director with a demonstrable legacy of delivery in financial performance, leadership and management, judges of the category were looking for nominees who provided examples of providing strategic direction to their company.
“It was amazing to be recognised and win an award in the Finance Director of the Year category. I Couldn’t have done it without a great team and company with me! Really proud of everyone and everything we have done over the past year.” – Ben Harwood
Being dubbed “an early and unexpected Christmas present”, for the sector and wider economy, the latest Purchasing Manager’s Index came in better than the market expected.
Speaking in the Evening Standard, Naismiths MD Blane Perrotton reacted to the discovery of the unexpected recent market stability…
Speaking to Sam Hare, a Naismiths Project Manager based in London, Building Magazine cover his journey from Carpenter to Project Manager, as they report on those who are making the move across different disciplines within the construction industry…
Naismiths have been talking to the Financial Times. Managing Director, Blane Perrotton, gave his take on the decline of new orders within the sector.
“The inescapable truth is that Brexit deadlock has choked investor appetite and the chances of the impasse ending before a deal is struck remain minimal.”…
At an industry roundtable breakfast event hosted by Blane Perrotton of Naismiths, development lenders met to discuss current topics and potential concerns within the UK market.
The event, attended by a number of journalists, unearthed that the sentiment from most of the lenders was that development is still strong and appetite is still there.
A key topic was modular housing, whilst considered to still be in its infancy, no doubt we will start to see significant growth in the sector could see more lenders start to get involved with the funding of these schemes…
When asked by Mortgage Strategy what he’d like to see in the upcoming autumn budget for the benefit of our industry, Gareth Belsham, Naismiths National Head of Building Surveying, believes “cash-strapped” planning teams within local authorities are due a boost in order to lend a helping hand to developers…
“If the government wants to even come close to achieving its target of building 300,000 new homes a year, it really needs to lend a helping hand to developers. Housebuilders are already constrained by the red tape and walls of bureaucracy imposed on them by cash-strapped local councils.”