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Record numbers at Midlands’ flagship annual property event

04/12/2019

A record-breaking 160 delegates from the residential and commercial property and real estate sectors attended Lodders’ annual Property Seminar.

Keynote speaker at the event was Eleanor Deeley, deputy managing director of the Deeley Group, who explained that the real estate industry must change its focus on building to one with a greater eco-friendly mindset, to enable the creation of communities with shared spaces that address people’s growing need for human interaction and experiences away from the digital age.

Also speaking at the event at The Ardencote, Claverdon, was Dr Lucy Greenwood, associate director in residential research and consultancy at Savills.

She explained that the Midlands’ property market has grown in the last year, with new build sales up by 20 percent, and 35 percent of new home buys supported and fuelled by the government’s Help to Buy scheme, in particular the Help to Buy ISA which closes for applications on 30 November this year.

First-time buyer market ‘booming’

Dr Greenwood said that according to Savills’ latest statistics, the first time buyer market is ‘booming’, but shows evidence that people are waiting longer to step onto the property ladder, and that the average deposit for first time house purchases in the West Midlands is around £40,000, rising to an average £150,000 in London.

David Lowe of Warwickshire County Council set-out details of the government’s new biodiversity net gain scheme that is designed to slow the threat to UK species. Secured with a 30-year management plan, the scheme is available to private landowners.

Derek Stebbing of Strutt & Parker delivered a planning update, highlighting the ‘best practice’ National Design Guide that is the country’s first ever design guide to promote better design and style of homes. He also referenced the government’s increased expectation on councils to increase commitment to protecting green belt land, environmental quality and accessibility, under the Green Belt Policy.

Also speaking were George Campion, non-executive chairman at Lodders, and Alastair Frew, partner in Lodders Real Estate practice which is one of the largest specialist teams in the region.

Image shows: The speakers at Lodders’ 2019 Property Seminar (left to right): Dr Lucy Greenwood (Savills), Alastair Frew (Lodders), David Lowe (Warwickshire County Council), George Campion (Non-Executive Chairman Lodders), Eleanor Deeley (Deeleys), Derek Stebbing (Strutt & Parker).

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