Mids property market among most confident, says report
Small property businesses in the Midlands expect the values of their own portfolios to rise despite a lack of confidence in the wider market, according to new research.
A report from Lloyds TSB Commercial revealed that Midlands property owners are preparing to invest in their residential and commercial portfolios over the next few months.
'Property Matters' said that the region will produce a net increase in investment value of +12.19 per cent, compared with +5.07 per cent in London and +5.99 per cent nationally.
The report focuses on the confidence of small and medium sized property businesses in the UK in terms of attitudes to investment and sources of funding.
Andy Watts, relationship manager for Lloyds TSB Commercial in the Midlands, said: "It has been a challenging time for SME property owners in the Midlands and it is understandable why they would not show a lot of confidence in the market over the next few months.
"But it is encouraging to see that there is a positive attitude to investment. Even though businesses in the sector are not expecting values to rise or the market to be particularly buoyant, they are prepared to take advantage of the investment opportunities presented by lower or static property values."
