Property owners and industry professionals have become more pessimistic about the market, research claims.

A poll at the tenth annual Essex Property Conference, hosted by estate agents and chartered surveyors Fenn Wright, Ellisons Solicitors and accountants BDO, found 29% were positive about the sector, down from 63% when the same question was asked at last year’s event.

The event was chaired by Guy Longhurst, senior partner at Ellisons Solicitors, with expert speakers including Phil Eckersley from the Bank of England, Lewis Chambers, commercial partner at Fenn Wright; and Peter Harrup, partner at BDO.

Longhurst said:  “We are immensely proud to celebrate the 10th anniversary of this annual conference. The event’s continued success is a testament to the reputation of Ellisons, Fenn Wright and BDO LLP as the firms that clients can trust for expert commentary and advice in respect of all property-related matters.”

Harrup added: “There are a few tax changes coming in next year which will impact companies across the region. These changes in legislation include Capital Gains tax threshold changes, inheritance tax and national insurance payments on termination packages. It is crucial that businesses keep up to date with these and remain alert to the opportunities and risks they present, while putting their tax plans in place effectively.”