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Is A Commercial Property Boom Really On The Horizon?

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According to a new study by Together, a specialist finance provider, in the next two years small and medium sized businesses will be the drivers behind a commercial property boom. 

Restored confidence fuels commercial property plans

The research suggests that small and medium sized businesses have ambitious plans for growth and so are looking to move or extend their existing premises to house additional staff and equipment. Indeed, the research by Together shows that 58% of SMEs, that’s almost 3.4 million in the UK, reported that a boost in business is driving their need to expand. Of those with property plans, 30% are looking to move to larger premises, 16% are hoping to expand and 12% want to buy or build additional facilities.
 
The new-found confidence in being able to expand is being attributed to a more stable political climate now that Brexit has taken place. Head of corporate relationships at Together, Andrew Charnley, said: “There is real evidence of a property boom getting underway as business owners finally feel assured enough to commit investment into a move or to extend where they are. It is great to see that SMEs are genuinely on the move now that business confidence is returning."

The importance of having the right finance in place

Mr Charnley goes on to advise that businesses need to have plans in place before they start the hunt for commercial property in order to ensure they are successful. He warns: “finding the right property may be tough for some. Firms will need to make sure they can move quickly once they spot an opportunity, so it’s advisable to have clear plans in place first – including finances, lenders and lawyers – to enable them to push ahead with their growth ambitions.”

According to the survey, around a fifth of business owners are nervous about the process of moving, with around 200,000 SMEs reporting they are concerned about lenders not understanding their business. However, experts at FC Funding, commercial mortgage and funding specialists, say that with the right insurance brokers behind them, organisations don’t have to worry. Professional and experienced brokers will know who to approach in order to source personalised mortgage and finance offers. 


FC Funding is a leading commercial broker and commercial mortgage lender that ensures you receive the very best deal personalised to your needs. To find out more about our services, get in touch today on 01202 937880 and we’ll be happy to answer any questions. 

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