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Property


Regional house prices on the rise


House price growth in the West Midlands could surpass London during the next five years, according to new figures. The latest house price projections


analysis, carried out by KPMG, revealed that house prices in the West Midlands and South West could grow the most, at an average of 3.8 per cent and 4.3 per cent respectively over the next five years.


‘The housing market in the West Midlands reflects the strength of our local economy’


Siobhan Lodder, partner and


head of housing at KPMG in the Midlands, said: “The housing market in the West Midlands reflects the strength of our local economy as a key region in the UK. “Our analysis reinforces the importance of local infrastructure and connectivity, with billions being invested to improve roads, rail lines, schools and hospitals in the region, and these continue to be crucial drivers for house price growth. “A number of towns and cities


across the West Midlands are undergoing regeneration, and already these are noting rising house prices. These factors drive perceived attractiveness and ultimately create a virtuous circle of growth.


Sector Focus


Siobhan Lodder: House prices continuing to rise in the region


“Regional business hubs like Birmingham and Coventry are benefitting from the exodus of talent leaving London to start a life where the job prospects are good and the cost of living is cheaper. “Policymakers need to recognise


the impact rejuvenation and community can have on making areas attractive.” Graham Nicoll, director and


economics lead at KPMG in the Midlands, added: “There has been some evidence of weaker pricing and lower turnover in some sections of the residential property market. “The combination of rising


interest rates, relatively subdued UK economic growth, and Brexit- related uncertainty will put some downward pressure on pricing in the short-term.”


Snowhill home for Wilmott Dixon


Coleshill-based construction and property services company Willmott Dixon is opening a new office in Birmingham city centre. The company has taken 4,000 sq


ft on a nine-year lease on the first floor of One Snowhill. Liz Bailey, senior surveyor in the


office agency team at CBRE in Birmingham, who advised Willmott Dixon, said: “Willmott Dixon is part of a growing trend of businesses seeking high quality accommodation in the city centre, where there is easy access to transport links, both for business and commuting, and a range of amenities available on the doorstep. Nick Gibb, deputy managing


New occupier: One Snowhill


director at Willmott Dixon, said: “The office at One Snowhill will provide us with an operational space in the heart of Birmingham, close to many of our partners, suppliers and customers.”


Revo Revo Compliance’s primary focus:


• Passive fire protection including fire doors and compartmentation.


• Electrical and fire system testing and supply.


• This includes periodic inspections, fire alarms, emergency light and portable appliance testing and fire extinguishers.


Without the worry and pressure of having to chase down contractors for quotes or to complete works, the client is free to focus on the core business.


National Delivery Capability, with a Strong Midlands Base.


For further details call Managing Director, Ken Passey on 07917 004939 or Email: ken.passey@revo.uk.com


Head Office: 23­24 The Arches, Alma Road, Windsor, Berkshire SL4 1QZ Registered Office: Belmont Place, Belmont Road, Maidenhead, Berkshire SL6 6TB. T: 01753 829980 May 2018 CHAMBERLINK 65


Compliance Services


Revo Compliance Services focuses on delivering statutory testing to its clients; giving customers peace of mind that their responsibilities governed in law are satisfied.


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