A new report out by the Royal Institute of Chartered Surveyors reveals a large majority of UK surveyors are seeing a rise in the number of enquiries they receive and an increase in lettings activity for the first time in 2 years.
It suggests the 
London commercial property market is leading the recovery and is recovering at a faster rate than the rest of the UK. Central and Greater London office markets saw tenant demand activity rise for the second consecutive quarter and at more than twice the rate of the previous survey period. 42% more surveyors, the highest number since 2007, saw a rise than a fall in letting activity – up from 18% in the last quarter. (more…)
New research out this week shows the recession has hit many areas in Britain hard, with costal towns in particular suffering very badly.
Hull has been worst hit with 26.6 bankruptcies per 10,000 adults, with Poole and Plymouth not far behind. Experts are saying the drop in tourism and poor weather this summer are two of the main factors which have contributed to this. The decline in shipbuilding and fishing has also taken a negative toll on many towns who rely on these as their main incomes. (more…)
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