'Bristol Res' Blog • 12 October 2018
CBRE Group, one of the the largest commercial real estate services and investment companies in the country recently commissioned a project that proposes to help us understand how our cities might look in 20 years’ time.
Our Cities, Knowledge for the Future examined what makes UK cities successful through a collection of over 80 separate articles, with insights on areas such as diversity, culture, sport, sustainability, the economy, transport and housing.
Their report on Bristol makes for interesting reading and paints a very bright future for our city.
With particular reference to the cities appeal to young professional people the report highlights Bristol’s growing millennial population.
From a business point of view it states that Bristol is booming and points to the array of co-working spaces and start-up-friendly work hubs, as well as our fair share of large employers as a real positive for the future.
Culture is also praised in the article, with food events, music and festivals all helping to keep Bristol vibrant and interesting.
Regeneration is also mentioned and the report highlights the Enterprise Zone including the site of the new Bristol University campus next door to Temple Meads as a real positive mixed development site The lack of high rise buildings in Bristol is raised as a disadvantage in the report suggesting that Bristol would benefit from strategic thinking when it comes to housing and office accommodation.
So what of the future? The experts at CBRE feel that Bristol is in its earliest and most exciting stages as a city. They feel that Brexit will have only a soft impact, and predict a free flow of labour supply as the toll fees on the Severn Bridge are abolished. This in turn will provide new options for workers and could boost Bristol-based businesses.
The outcome is a positive one – Bristol may be changing, but it’s all for the better.
Click here to view the article in full
Just lettings, just Bristol
Latest letting industry update
Letting Fee Ban
The ban on Landlords and Letting agents charging tenants fees came closer this week, as the second reading of the white paper passed uncontested through the House of Lords.
The ban which is expected to come into force on the 1st April 2019 will mean that tenants cant be charged when letting a property. These costs will then be passed on to the landlords who are expected to try and recoup these costs through higher rents.
The Government announced this morning that they are commissioning a new working group – Regulating Property Agents Working Group
The group that will be chaired by Lord Best, is due to report back next summer, of the regulation of all letting, estate and managing agents. Its brief includes advising on regulation and mandatory minimum qualifications.
In its statement this morning, the Government said: “At the moment, anyone can operate as a property agent without any qualifications or professional oversight. Many take a professional approach and sign up to standards of practice through membership of a professional body, but others do not. The working group will consider the entire property agent sector to ensure any new framework, including any professional qualifications requirements, a Code of Practice, and a proposed independent regulator, is consistent across letting, managing and estate agents.”
As a long standing member of The Association of Residential Letting, and an agency which requires all members of staff to undertake professional qualifications The Bristol Residential Letting Co welcomes the governments intentions to raise standards within our industry.
Just lettings, just Bristol