Buy-to-let and property development SME numbers surge – Hampshire Trust

by:
  • 09/11/2017
  • 0
Buy-to-let and property development SME numbers surge – Hampshire Trust
The number of small businesses in the buy-to-let and rental sector has surged, yet firms in the sector are downbeat about future prospects, a report on small and medium enterprises (SMEs) has found.

The renting and operating retail sector has seen in a 16% increase in the number of small firms over the past five years, making it one of the top 30 industries for growth, according to a report by Hampshire Trust Bank.

At the same time, there has also been significant growth of small firms in the construction of domestic buildings sector.

Overall the number of SMEs increase by around a quarter in the five years between 2011 and 2016, with office admin and business support demonstrating the highest growth.

However, small businesses in the real estate sector – including renting – do not feel as confident about the long-term future of their industry as they did last year, according to the research.

Economic uncertainty and the taxation levels were cited as key barriers to growth.

 

Boost confidence to support economy

Mark Sismey-Durrant, chief executive of Hampshire Trust Bank, said: “SMEs are thinking long-term about their business and for many sectors this is a positive projection forward.

“The renting and operating retail sector has shown considerable growth over the past five years.

“We back the growth ambitions firms are demonstrating yet with SMEs in the sector displaying lower levels of optimism, more needs to be done to boost their confidence levels.”

The study was conducted in partnership with the Centre for Economics and Business Research (CEBR).

Nina Skero, head of macroeconomics at CEBR, said: “The buoyant confidence among SMEs is a further sign that these businesses will continue supporting economic growth.

“The UK is undergoing a period of great economic change and cultivating this optimism must be a priority.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
fiona-hoyle
Second charge market hit by stalling consumer confidence

The second charge market continued its summer stagnation in September with lending largely unchanged from the same month last year,...

Close