Andy Smith from The Midas Group gives a rundown of the industry in 2017 and what to look out for moving forward.
Collectively, 2017 has been an interesting year. Investment markets remain attracted to property, and therefore construction. However, early indications imply things could start to slow down as we get into the detail of Brexit. Certain strong economic sectors seem to be holding the property market together currently. Student accommodation, in particular, has been a heavy drive in Bristol and other surrounding cities. Alongside this, retirement living as an emerging shift in the provision for an ageing population.
Activity in Weston-Super-Mare, North Somerset and the greater Bristol area remains pretty buoyant and lots of exciting prospective new developments are gathering pace. The Weston Gateway development master plan continues at a pace with offices and a hotel planned for 2018. One or two key sites locally are being made available and therefore should prompt some interesting regeneration and development opportunities for residential and commercial developers. All in all, the future looks quite bright in our opinion here at Midas Group.
The biggest transformational change in Weston-Super-Mare would be the further development and creation of a commercial office offering. The town should not lose sight of the fact that, with the right dialogue with the right people, it could offer attractive space solutions for local and National organisations and Government departments looking do de-centralise. The only thing stopping the town cashing in is the right dialogue with the right people.
Looking to the future, 2018 will be an exciting time for Weston-Super-Mare and the surrounding area with more investment and job opportunities being created.
A very Happy Christmas to everyone from Andy Smith and everyone here at Harvey Richmond and The Midas Group.