The Midlands commercial property market is showing signs of growth according to a recent study by Lloyds TSB Commercial. The study found that 28 per cent of commercial property businesses predict an increase in activity in the market, within the next six months.
The results of the study were revealed in the Lloyds TSB Property Matters report, which is produced quarterly. Despite the increase, opinions about the region’s market growth remain divided. The reported stated, “Despite the slight increase in positivity across the Midlands, respondents were split in their opinions on activity in the region, with 18 per cent expecting activity to slow and 54 per cent predicting that activity will stay at current levels.
“This gives the region a net confidence score of +10.”
The results of the study also showed that business owners are becoming less confident in the London commercial property market. So could this mean that more business owners will think about setting up their business out of the hustle and bustle of the capital?
Speaking of the results of the report, Andy Watts from Lloyds TSB Commercial in Birmingham said: “While there is more overall positivity than 2011, the overwhelming message is that SME business owners are not expecting a massive swing towards a vibrant market.
“However, the slight swing towards a belief in an upturn in the market and the fact that less people are predicting a decline is a positive sign.”
Do you agree with the predictions in the report for the Midlands? Do you think that more companies will think about setting up a business elsewhere, rather than in and around London, or do you think the capital will always dominate the market?
