Welcome to the fourth addition of our property poll. The poll is designed to take no longer than 60 seconds to complete and asks questions based on the interaction we’ve had with our property clients and contacts over the last three months. As always if you have any question suggestions for our next poll please let us know.

For this quarter, we have a rather eclectic mix of questions; please do give us your views and comments. As usual we will share the results and commentary in due course.

Question Title

* Respondent details (optional)

Question Title

* Q1. What best describes your involvement in the property industry?

Question Title

* Q2. There has been much comment ahead of the forthcoming Autumn Budget (confirmed for 22 November 2017) around Stamp Duty Land Tax (‘SDLT’) for residential property. Recent academic research suggests that the high cost (compared to historic rates) of residential SDLT is putting the brakes on owner occupier transactions. Is the time right for a root and branch reform of residential SDLT? Is it right to tax owners repeatedly, simply because they choose to move home or is there a better way to levy SDLT in the residential owner occupier space?

What is your view on the current system?

Question Title

* Q3. In the most recent meeting of the BoE Monetary Policy Committee, the strongest hint yet was given that interest rates may soon begin to rise. Property is traditionally an asset class funded principally by debt, from a traditional homeowner mortgage through to multi billion pound property investment funds. Does the promise of a potentially better yield on a historically safe asset (cash) mean funding will start to flow away from riskier asset classes such as property? Will a stronger pound, driven by higher interest rates, mean the UK is a less attractive place to buy for foreign investors?

Question Title

* Q4. Walk down any High Street in the UK and often one of the most striking features is the number of empty shop-fronts. With the ever increasing march of online retailing and out of town ‘destination’ shopping centres, many traditional real estate based retailers are struggling to keep pace. What can owners of once prime retail property do to protect their investments? What type of businesses are less impacted by changes to shopping habits and perhaps make better bets as tenants? What will the High Street of 2030 look like?

Comments and views please:

Question Title

* Q5. Central London, particularly the Square Mile seems awash with building sites at present. Huge glass towers are emerging from the ground, or so it seems, on every street corner. Putting aside concerns around Brexit, interest rates, etc. one thing is clear, when these buildings are completed there is going to be a lot of new commercial office space in central London. What does that mean for landlords and their tenants?  Is there likely to be a time in the not too distant future where landlords are going to have a lot of surplus space on their hands?

If you were a reasonably flexible business looking for office space in central London with a 5 – 10 year horizon, what would you do?

Question Title

* Any comments provided may be quoted (on an anonymised basis) in our subsequent results and analysis. Please tick the following box if you do not wish any written views you provide to be included

T