Navigating the UK Market
October 20, 2023
The UK real estate market has always been a dynamic arena, influenced by a range of factors including economic trends, governmental policies, and societal shifts. As we move toward 2024, the market continues to evolve at a rapid pace, demanding keen insight and adaptability. In this ever-changing landscape, GLPG, a leading real estate group based in Marylebone, is well-positioned to support our clients through the full life cycle of a property transaction. Our team work across Investment & Development Agency, Capital Advisory and New Homes Consultancy.
The UK real estate market has experienced its share of transformations over the past few years. Despite uncertainties stemming from Brexit and the global pandemic, a substantial rise in interest rates and wars in both the UK and the Middle East, a notable trend that our Team has noticed is a heightened demand for residential development sites with planning consent, as developers predict a strong market in 2025/2026, making now a good time to start construction.
In contrast, the commercial real estate sector is undergoing a renaissance of sorts. Remote working and shifting consumer behaviour has led to a re-evaluation of office and retail spaces. This necessitates innovative approaches, including the repurposing of commercial properties for mixed-use developments.
GLPG boasts a team of seasoned real estate professionals who are deeply immersed in the nuances of the UK market. Through rigorous research and analysis, GLPG provides clients with the data and insights they need, coupled with a significant database of developers, investors & lenders allowing us to explore all routes to meet our client’s objectives.
As the UK real estate market continues its rapid evolution, having a trusted partner like GLPG is invaluable. With our unwavering dedication to staying at the forefront of industry trends, we empower clients to navigate the complexities of the market with confidence.
It’s not just about disposing of an asset or securing debt; it’s about extracting maximum value from each opportunity and that, in a nutshell, is the focus for GLPG.