Forum looks at Milton Keynes property market challenges

Pictured are, back, from left, Nigel Ozier of Brian Barber Associates, Stuart Wright and Andrew Morgan, both of Lloyds TSB Commercial and Irfan Hussain of JMH Group. In front, from left, Alex Caravello of the National Landlords Association, Sarah Evans of Franklin Solicitors and David Page
Pictured are, back, from left, Nigel Ozier of Brian Barber Associates, Stuart Wright and Andrew Morgan, both of Lloyds TSB Commercial and Irfan Hussain of JMH Group. In front, from left, Alex Caravello of the National Landlords Association, Sarah Evans of Franklin Solicitors and David Page

A bank’s senior economist gave 120 Milton Keynes area property professionals business owners and intermediaries a glimpse into the economy and how it is being influenced by worldwide concerns.

The third annual Milton Keynes Property Forum and breakfast networking event at the Hilton Hotel in Milton Keynes also looked at the UK economy and the challenges currently being faced by business owners and professionals involved in the property market.

David Page, senior economist at Lloyds Banking Group, gave a keynote speech and there was a panel question and answer session with experts.

Andrew Morgan, relationship manager at event sponsor Lloyds TSB Commercial said: “The local property market is holding up reasonably well, with investors attracted by competitive prices in the residential sector.

“We are beginning to see more interest to undertake projects on development land, and in particular there are opportunities emerging in the outer conurbations of the city, in the surrounding towns and villages of the region.

“The implications of proposed planning reforms have yet to materialise. However, we expect local market growth to emerge on the back of any positive changes, enabling businesses to move forward with development plans.”

Mr Morgan chaired the panel which included Sarah Evans, partner at Franklin Solicitors, Nigel Ozier, planning specialist with Brian Barber Associates, Alex Caravello of the National Landlords Association, Stuart Wright of Lloyds TSB Commercial and Irfan Hussain, property developer and investor at JMH Group.

The event was co-sponsored by Franklin Solicitors and valuers Aitchison Rafferty.

Mr Morgan added: “As the property market continues to face considerable challenges, this latest Property Forum brought together experts in the sector from across the region to discuss the challenges and the trends going forward.”