Overcast

Overcast

max temp: 9°C

min temp: 6°C

ESTD 1874 Search

East Anglia: Region’s SME property firms remain bullish, says Lloyds TSB Commercial survey

06:00 08 December 2012

Barry Coote, relationship manager for Lloyds TSB Commercial in East Anglia

Barry Coote, relationship manager for Lloyds TSB Commercial in East Anglia

Archant

PROPERTY businesses in East Anglia remain bullish in their investment intentions, with nearly one third (29%) planning to increase investment over the next three to six months, according to a new survey.

shares

But the latest Property Matters report from Lloyds TSB Commercial says that, while the positive investment intentions are good news in an otherwise flat property market, small to medium-sized property businesses in the region face continued challenges.

Businesses in East Anglia reported a reduction in confidence, minus 1.2 to minus 5.4 – below the national average of minus 0.4 and in stark contrast to the London property sector, where businesses reported an increase in overall market confidence to plus 15.

Firms in the region expect the experience of falling values over the past 12 months to continue but residential letters are set to remain strong.

The prospects for commercial and residential property SMEs have aligned for the coming period, with both showing a net score of plus 9. More than half (54%) of commercial and nearly two thirds (60%) of residential businesses believe performance will remain at its current level.

Barry Coote, relationship manager for Lloyds TSB Commercial in East Anglia, said: “It continues to be a challenging time for those operating in the property sector in East Anglia.

“It is welcome news that 29% of SMEs in the region plan to increase their financial commitment over the next three to six months.”

But he added: “SMEs continue to cite the challenging UK economy and local planning policy issues as influencing their decisions to invest.

“We continue to work closely with our customers and have a team of dedicated property managers focused on supporting and advising businesses operating in the residential and commercial sectors.

“The ‘Lloyds Funding for Lending’ initiative aims to foster an environment where businesses can invest for future growth, whilst taking advantage of low cost borrowing. This will help businesses across a broad spectrum of industries, including those operating in the property market.”

shares

0 comments

Stage 5 of the Womens Tour passes through Onehouse on their way to Bury St Edmunds last year

Schoolchildren will also be involved in an evening of activities in Bury St Edmunds ahead of the start of a major women’s cycling event.

Paul Rous, of Bruisyard Hall, has launched a tech startup venture with Mark Pearson

A Suffolk entrepreneur has teamed up with a top technology investor, who made millions from a website he created with just £300, to help finance new ideas.

Cloud telecoms company X-on has launched Cuube, a new online communications services platform.

Cloud telecoms company X-on, based at the Framlingham Technology Centre, has launched Cuube, a new online communications services platform.

Jeremy Goulding, front, left, chief executive of Wheatley, is congratulated by Innovatioin Martlesham chair Ian Buxton on winning the first Innovationi Martlesham competition. Also pictured, from left, are Paul O'Brien of BT, Jane Bromley of Wheatley, Mike Ward of Wheatley and Mohamed Abdel-Maguid from University Campus Suffolk.

Software company Wheatley has been named winner of a new competition staged by Innovation Martlesham, the cluster of hi-tech companies based at BT’s Adastral Park research site, near Ipswich.

Total unemployment in the UK has reached a near seven year low, official figures showed today.
Photo: Philip Toscano/PA Wire

Unemployment in the UK has continued to fall and a record 31million people are in now work, according to the final labour market figures before the General Election.

The Nestle Purina plant in Sudbury.

KitKat, Nescafe and Shredded Wheat maker Nestlé said today that first quarter sales had been boosted by an earlier Easter, but with growth dented by currency changes after the Swiss central bank’s shock decision to lift a cap on the franc.

The B&Q store on the North Quay Retail Park in Lowestoft which is closing in January 2016. Picture: James Bass

DIY chain B&Q has announced its Lowestoft store will close at the start of next year, with reportedly 40 jobs being lost.

Suffolk cider and vinegar maker Aspall was named Business of the Year at last year's EADT Business Awards.  From left, Tom McGarry of EDF Energy, Barry Chevallier Guild of Aspall and Sarah Howard,  of SuffolkChamber.  	
Picture: Lucy Taylor

There is now less than a week to go to enter the 2015 East Anglian Daily Times Business Awards.

The team at Ipswich-based software company IJYI.

A start-up software business in Suffolk has secured a place on a Government panel allowing it to bid for the delivery of cloud technology services across the public sector.

Most read

Most commented

Topic pages