Kent Property Market in Good Shape for Recovery

The Kent Property Market Report for 2010 has just been published by Kent County Council and Cluttons LLP Chartered Surveyors.

Although commercial rents have fallen while retail vacancies have risen, it seems that Kent has fared better than most other areas of the UK and the South East.

Recognising the challenges that still face the county as the impact of the Comprehensive Spending Review comes into play, the report concluded that Kent is in a strong position to generate and attract investor confidence. The high-speed rail, a range of major projects, and location (being close to London and the Continent) are all cited as key factors that will help the county’s property market build towards a more complete recovery.

Understandably the report focuses on the more significant property developments in the county, and it is heartening to hear positive and encouraging news. But we should not forget the smaller property developments that also contribute hugely to the success of the sector. While the Kent Property Report predicts a weak demand for smaller units, a report from a group of London Surveyors suggests there is increased demand across the South East, with small business units for new start up companies in short supply.

Tony Skelton, Managing Director of Stour Valley Estates gave his perspective:

"Our experience definitely supports the view that there is strong demand in the small business market. Certainly this can be a more volatile sector and they need a lot of flexibility, but the smaller property landlords like ourselves are well placed to offer this. And we find supporting businesses as they start out can pay off in the long run as they become more successful and expand into larger premises."

The Internet is also playing a more and more important role in helping keep this sector of the market moving, and allows businesses to talk directly to landlords rather than relying on agents and solicitors. To help people who may have little experience of these kinds of negotiations, Stour Valley Estates offer a fact sheet to all fresh inquiries that outlines how to take discussions from the early stages through to Heads Of Terms and eventually signing a Law Society based lease.

Further details on Stour Valley Estates Commercial Properties can be found on this website, or speak to our Property Managers Katie Dove and Sharon Corrigan on 01304 849210. The full Kent Property Report 2010 is available at www.kentpropertymarket.com.

December 2010