jcc property outlook 2011

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