Welcome to the July edition of the Dee Commercial Finance newsletter!
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UK SMEs state over a third of their revenue can be attributed to thinking outside the box
Britain’s small business owners believe over a third (36%) of their revenue is obtained from thinking outside the box. Research from PayPal’s Business of Change Rethink & Grow report, which reveals that 4 in 10 (43%) SME owners think adaptability – the trying and testing of new processes and ways to do business – is critical to delivering success.
Build-to-Rent completions see 13% rise despite turbulent market conditions
The research, undertaken in partnership with Savills, shows the total number of Build-to-Rent homes completed, under construction or in the planning pipeline stands at 253,402, up 12% in the past twelve months. Single Family Housing continues to expand strongly with 28,000 units completed or in the pipeline, making up 12% of the Build-to-Rent sector.
Are mainstream market woes providing a boost for the bridging sector?
Once again, fears over inflation are having a negative knock-on effect on swap rates, which have risen rapidly over the past month or so. That has resulted in a wave of repricing in the BTL markets which makes it more difficult for many borrowers to obtain finance. Look across at the bridging sector on the other hand, and you see a market that is faring significantly better.
Majority of property professionals maintain market confidence, survey finds
Almost three quarters of property professionals are confident that 2024 market conditions will be no worse than those experienced in 2023, new research undertaken by Countrywide Surveying Services (CSS) has found. Conducting a webinar poll, CSS revealed that 40% of property professionals remain ‘mildly confident’ that 2024 will be better than 2023.