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All news by: Paul Fenner

Powered by people and technology: the real estate & construction view

Our survey, completed by 653 business leaders from across the UK, finds stabilised confidence amongst owner managed businesses (OMBs). This view is shared in the real estate and construction sector.

Strength amidst uncertainty in 2017: the real estate & construction view

Our survey, completed by 691 business leaders from across the UK, finds continued uncertainty amongst owner managed businesses (OMBs). This view is shared in the real estate and construction sector where, although they are more confident than owner managed businesses overall, their confidence has dropped significantly compared to last year. 61% are confident about the general outlook for 2017, compared to 84% in previous year's survey. Combined with their lowered optimism, real estate and construction businesses are more likely than OMBs generally to have already experienced some negative impact from the Brexit vote (38% compared to 30% overall). Alongside this, again compared to OMBs in general, RE&C OMBs appear relatively unwilling to commit to specific strategies in 2017, and yet have little reticence about identifying the issues that concern them this year, both from a business and economic perspective.

Strength amidst uncertainty in 2017: the real estate & construction view

Our survey, completed by 691 business leaders from across the UK, finds continued uncertainty amongst owner managed businesses (OMBs). This view is shared in the real estate and construction sector where, although they are more confident than owner managed businesses overall, their confidence has dropped significantly compared to last year. 61% are confident about the general outlook for 2017, compared to 84% in previous year's survey. Combined with their lowered optimism, real estate and construction businesses are more likely than OMBs generally to have already experienced some negative impact from the Brexit vote (38% compared to 30% overall). Alongside this, again compared to OMBs in general, RE&C OMBs appear relatively unwilling to commit to specific strategies in 2017, and yet have little reticence about identifying the issues that concern them this year, both from a business and economic perspective.

Converting a property? Convert the VAT rate to 5% to make huge savings

The 5% reduced rate of VAT is available for a wide range of residential conversion and renovation projects, but it is often overlooked. Applying 5% rather than 20% VAT can dramatically reduce the construction budget.

Have you fully considered your option to tax position?

Making the decision whether or not to exercise the option to tax in relation to property is not always straightforward, and it is essential that the ongoing VAT and commercial implications of any options to tax are continually monitored and reviewed.