01 May Inside this year’s annual Essex Property Conference
A new poll of property owners and professionals undertaken at this year’s annual Essex Property Conference has shown that 29% of respondents are more positive about the sector now than 12 months ago. This is down from 63% in 2017, demonstrating that the market has become slightly more cautious over the past year.
Despite the plateau in optimism, an impressive 54% of respondents plan to acquire property in the next 12 months, a significant increase on last year where only 31% were planning to purchase property.
The Essex Property Conference, hosted jointly by estate agents and chartered surveyors Fenn Wright, Ellisons Solicitors and accountants BDO LLP, supported a positive outlook for both the commercial and residential property markets in Essex. The survey revealed almost a third (32%) of respondents expect commercial property values to increase within the next 12 months, and 36% predict residential property values within the same period to increase.
In its tenth year, the event was attended by over 200 delegates and took place at Weston Homes Community Stadium in Colchester on 25th April.