ISLE OF MAN JUNIOR CHAMBER OF COMMERCE
Annual Property Outlook 2011
Neil Taggart MRICS DIRECTOR David Watson MRICS DIRECTOR
INTRODUCTION
• Chrystals – Since 1854
• Neil Taggart (Residential and Rural)
• David Watson (Commercial)
AVERAGE PROPERTY PRICE STATISTICS
• CHRYSTALS (DEC 2010) - £272,500
• IOM GOVERNMENT (DEC 2010) - £271,000
• HALIFAX UK DATA (DEC 2010) - £162,435
CHRYSTALS AVERAGE HOUSE PRICES 2001 - 2010
IOM LAND REGISTRY SALES BY PRICE SECTOR 2010
BUYING or SELLING?
• HOMES
• INVESTMENTS – CAPITAL GROWTH / YIELD
• DEVELOPMENT
OFFSHORE OFFICE TAKE UP
TOP OFFICE RENTS 2010OFFSHORE COMPARISONS
ESTIMATED MANX OFFICE TAKE UP 2010
NEW DEVELOPMENTS - 2011
ST GEORGES STREET
12,000 sq FT
HOWSTRAKE
DEVELOPMENTSSOUTH QUAY
10,000 sq FT
QUAY PROPERTIES
AVAILABLE PRE-LET
ST GEORGES STREET
18,000 sq FT
HARTFORD HOMES
FINCH ROAD
38,000 sq FT
LICHFIELD PROPERTIES LTD
k
AVAILABLE PRE-LET
FINCH ROAD
36,000 sq FT
DANDARA DEVELOPMENTS
COMPARATIVE VALUE TABLEOFFICES – PURPOSE BUILT INVESTMENT VS OWNER OCCUPIER
£18.50 PSF7%
£375 PSF
£300 PSF£320 PSF
AVAILABLE OFFICE SPACE COMPARISON START 2010 vs 2011
QUESTIONS AND ANSWERS
