THE BIG INTERVIEW – FHP IN THE PRESS

FHP News

FHP’s Tim Richardson talks to the Derby Telegraph about Derby’s commercial property market.

Please see below part of the article.

Solving one problem often creates another – just ask commercial property agents in Derby.

The sector was hit hard by the recession but is now enjoying a renaissance. Demand returned around two years ago. It was undoubtedly a good thing but, as a result, supply is now diminishing fast.

It is a challenge that the city must tackle head-on, says Tim Richardson, of FHP Property Consultants and Agents.

“A large number of transactions have been concluded over the past 12-18 months,” the Derby-born surveyor says, citing a dramatic improvement in the economy as the main factor behind the surge.

“As a result, there is now a shortage of suitable buildings in Derby. Some of that demand will have built up during the recession when people sat on their hands.

“That phase has been largely fulfilled now, so we’ll be back to a normal, steady market, rather than one that went a bit crazy.

“But there’s a supply issue that has to be solved. We’ve had such a take-up of buildings that we’re now short in many sectors.”

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