The first week of July will see the annual RICS Residential Property Conference take place. This is an event which would usually attract a great level of interest in itself, but the impact of the events of 2016 so far have made this year’s conference be held with near perfect timing. Whilst there are many current events which will impact the nature of what gets presented at the RICS conference, we will be paying close attention to a factor that remains as a constant – the need to address the lack of supply in the property sector needed to meet rising demand levels.
A key concern being discussed at the conference this year will be the fall in available property across London. Whilst the national picture has reflected a slight rise in available homes, the figure continues to fall in the capital city. One particular area which will come under focus is the City of Westminster. A month-to-month study has shown that the level of available property in this London Borough fell by some 33% in May 2016, with no indication that demand levels shall fall any time soon.
Rather than discuss the shortage of property available, the conference shall concentrate on the ways in which it can be successfully addressed. A presentation and open forum discussion is planned for looking at the ways in which the Private Rented Sector (PRS) can address the gap created by a lack of social housing. As our services build an important link between the PRS and the London Boroughs through services such as council leasing and estate management, we are delighted to see that our pioneering work in the field is getting wider recognition.
City of Westminster property owners are currently in an exceptional position to maximise the financial returns on their investment. With demand being high and supply levels low, significant yield margins are being forecast. Through our services of council leasing and estate management, property owners can access these preferable and assured yield margins in a way that works to suit them best. We provide a high level of return for you with a service that does not make demands of your own time and resources.
