Monday, October 26, 2015

Branson on South Coast Central October 2015 issue 32

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There is an exuberance and confidence about the market on the South Coast (sadly lacking in the English rugby team in the World Cup) which has propelled confidence far and wide in the region.

It shows up in deals around Winchester, but also in Andover and Salisbury on the fringes of the region. Of course this more than applies to the main urban centres of Southampton, Portsmouth and Bournemouth.

More than anything, it appears to be a long term trend that once established could take a lot of shaking. The region feels it has many advantages, of which the thriving ports are ample proof.

It has not been overlooked for transport improvements because capital spending on roads in the south east will be £2.2 billion in the next five years and will add 120 miles of extra lanes on the motorways and major routes.

There is a clear commitment to bring the M27 and A27 up to scratch and to achieve this a number of long sought improvements are on their way, such as the Chichester and Arundel bypasses; increased capacity on the M3 from Winchester to Southampton; tackling delays on the A31 near Ringwood and improving the M271.

The next test for the whole region is the building of new industrial and office space. This has to happen very soon otherwise the recovery will be put in jeopardy. Given the appetite for investment now the focus has moved from London, this should be achievable.

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