Landmark’s latest Commercial Property Trends Report offers essential insights into Q4 2024. It provides a comprehensive overview of the commercial property market in England, Wales, and Scotland, analysing key transactional indicators such as search order volumes, due diligence activity, planning applications and completion levels.
Although Large planning applications were down for first time in 2024,
The good news for the commercial property sector is that 2024
was a year of stability. Following steady volumes of search activity
in Scotland and large planning applications in England and Wales,
Q4 ‘24 was somewhat of an anomaly in some respects but entirely
consistent in others.
Large-scale planning applications decreased by 8% in Q4 ‘24 versus Q4 ‘19 – the only
quarter to witness a downturn in an otherwise steady year. However, small-scale
planning volumes continued to struggle once again over the quarter, with volumes
down by 33% compared to Q4 ‘19.
After a buoyant year, the Scottish market finished the year on a minor low note. Q4 ‘24 was the only quarter not to outperform pre-Covid search order volumes.
A predictably seasonal 26% decrease in Dec ‘24 vs Dec ‘19 undermined the
6% increase in search activity in Nov ‘24 compared to Nov ‘19.
Simon Brown, CEO, Landmark Information Group, commented:
“ Search order volumes in Scotland and large planning applications in England and Wales offer some reasons for optimism with activity
across 2024 tracking roughly in line with 2019 volumes. We will watch with interest to see if the Government’s housebuilding
targets, facilitated by the revised National Planning Policy Framework (NPPF), will be the catalyst for grey belt strategic investment.”
Download the report here for more valuable industry insights