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What Is It About The South Coast That Makes It The Best Place To Live In The UK? George Long, Managing Director of the Land & New Homes Department of Charters Estate Agents
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In episode two of our second series of Let’s Talk South Coast, our host Nella Pang is joined by George Long, Managing Director of the Land & New Homes Department of Charters Estate Agents to talk about the impact the current economic climate is having on buyer’s and investor’s confidence in the housing market.
What you’ll hear about in this episode:
- How the current economic situation is impacting the housing market and the way people buy properties
- Public attitude and appetite for new housing developments and regeneration projects
- Where George sees the future of investment in the South Coast going and why
- What the rental market is currently doing
- Repositioning of towns and cities with the evolution of the office following the impact Covid, and the effect that working from home has had on the office rental market.
Resources:
Companies Mentioned:
Key Insights From This Episode:
- We have witnessed commercial investment ease in recent weeks. Given the political turmoil of 2022 we hope CAC stays in place, but it's obviously causing a nightmare for investors' confidence. - George
- Uncertainty stops people making decisions, and it's not just stopping people buying houses. It's stopping people buying televisions and cars, people are genuinely worried. But, the key thing is that we haven't seen a wholesale reduction in prices yet. People are still moving and I've never known a property market where people don't move. But we're going to shift into a different type of property market. - George
- If you look back historically over house price data, in Southampton over 10 years, house prices have gone up circa 40-42%. But, if you look at somewhere like Winchester, the city centre for the same period, prices have gone up 60% - George
- I don’t think there are wrong areas to build new build properties. It’s always been about numbers. As long as the numbers stack up on an appraisal, it's a good development to go and see. - George
- Southampton in its own right is a fantastic area to develop in because you've got low unemployment and you've got fantastic facilities all around the city. - George
About Our Guest:
George Long works as Managing Director at Charters Estate Agents where he uses his expert knowledge in all aspects of new home sales and marketing to sell new homes quickly and efficiently.
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