|Date & Time:||May 10, 2017 7:45 am||Add to Calendar (.ics)|
The UK Residential Market: What to expect next in 2017?
With a “snap” General Election only a matter of weeks away, sterling still well down on its pre-EU Referendum norm, ultra-low interest rates persisting, UK government borrowing still running at about £1bn per week and UK net debt still rising towards 90% of GDP (excluding public sector banks), what next for the UK residential property market? Will the Government’s White Paper on Housing have any material impact on house-building in the UK and are high levels of Stamp Duty Land Tax here to stay? What are the prospects for the value of most families’ largest asset and will “Generation Rent” ever be able to afford to or want to buy? Will George Osborne’s apparent assault on “buy-to-letters” continue, or might different policies emerge? And will the political parties still try to out-do each other on wild promises of new homes to be built during the next Parliamentary period, or is real estate just too far down their agendas? The Cambridge University Land Society has brought together some real experts on the topic to consider these questions and talk about what the future might hold. Don’t miss this Residential Market Update Panel if you have an interest in housing.
Lucian Cook, Director Residential Research, Savills. Lucian Cook is one of the country’s most authoritative housing market commentators, having been a director in Savills much-respected research team since 2007. As an industry figurehead, he regularly presents on all aspects of the UK housing markets and frequently appears on radio and television.
At Savills, he leads a team of 25 highly respected researchers. Collectively they cover everything from social housing to the prime markets of central London and development land to residential investment.
Angus Dodd, Chief Executive, Quintain. Angus Dodd was appointed Chief Executive of Quintain in June 2016. Quintain’s principal asset is the land surrounding the stadium at Wembley Park which has planning consent for over 5000 new homes. Prior to Quintain, he was Senior Managing Director, Co-Head European Real Estate Investments, Lone Star Europe Acquisitions LLP, an affiliate of the General Partner of Lone Star Funds. Lone Star acquired Quintain in September 2015. Mr. Dodd joined Lone Star in March 2009. Prior to joining Lone Star, Mr. Dodd served as Managing Director at JER Partners for 5 years. He previously worked at Invesco Real Estate, BZW and Jones Lang Wootton. Mr. Dodd has an MA in Land Economy from Queens’ College, Cambridge.
Craig McWilliam, Chief Executive Officer, Grosvenor, Britain and Ireland. Craig McWilliam, FRICS, was appointed to the Grosvenor Britain & Ireland Board in 2010. In 2013, he became the Executive Director responsible for the London estate, having previously had charge of all development activities off the London estate. In January 2017, Craig became CEO of Grosvenor Britain & Ireland. Prior to joining Grosvenor, he was a Managing Director at Fortress Investment Group. Craig is an Honorary Fellow of the RICS, a Trustee of LandAid and a Director of London First. He also sits on BPF’s Policy Committee and is Vice-Chairman of the Westminster Property Association.
Richard Meier, Partner, Argent (Property Development) Services LLP. Since joining Argent in 2003, Richard has worked primarily on the King’s Cross development, where he has been responsible for coordinating and delivering some £600 million of development. Notably, Richard led the development of the £155 million campus for Central Saint Martins (University of the Arts London) in the Grade II listed Granary Complex, alongside residential and public realm. Richard has a keen interest in residential and led the development of Edition 2 of the ULI Build to Rent Best Practice Guide, which was successfully launched in March this year. He has responsibility for public realm and master planning and is presently focusing on the Brent Cross South development. At a corporate level, he is responsible for development management, securing new opportunities and resourcing. Richard read Engineering at Cambridge and has a Masters in Property Law and Valuation. He is a Member of the RICS, Chair of the Residential Council at the ULI and sits on King’s Cross Boards.
Registration and breakfast are from 7.45 am. The panel discussion will start at 8.15 am and be followed by questions and answers.