Bury St Edmunds is growing to become a competitive town. Through our services, we are obliged to adding value where we see possible. Whether it is through Social Media, Web Design or over-delivering our Business Content Creation, we use our resources to keep our clients ahead.
When it comes to property in Bury we have identified these important factors. This analysis is part of a wider study, so more information and more insight on the subject will follow.
State support (subsidies and grants), support within enforcement proceedings prompt problem solving due to the line of command and applying administrative methods
Availability of emergency repair reserve (+ expensive equipment)
The loyalty of authorities and their interest in good image
Lack of real competition from the part of private maintenance companies
Availability of sufficient skilled staff
A big company can serve more clients
Independence from the state budget and in decision making
Entitled to take part in a tender for any collective home ownership management.
Current planning legislation limits the development of new space
Limited global presence
Uncertainty and fluctuations in asset values are high.
Increased demand in Bury St Edmunds for existing high-quality retail accommodation
Shortage of supply of prime retail assets
Economic uptick and an increase in customer spending, after years of recession and slow growth rate in the industry, is an opportunity for real estate investments to capture new customers and increase its market share.
New trends in the consumer behaviour can open up a new market for real estate investment. It provides a great opportunity for the organisation to build new revenue streams and diversify into new product categories too.
Risk of retailers collapsing due to uncertainty in the economy
Increase in tax rates
New technologies developed by the competitor or a market disrupt could be a serious threat to the industry in medium to long term future.
New environment regulations under the Housing Agreement (2016) could be a threat to certain existing product categories.
Stable profitability has increased the number of players in the industry over the last two years which has put downward pressure on not only profitability but also on overall sales.
All these factors are important when it comes to decision making, how best to evaluate the situation, ideally turning the threats in opportunities and weaknesses into strengths.
We have touched a series of wide subjects with this post, we will expand on some of these topics at a later stage and provide further information. If you want to know more or have specific questions please get in touch.