The commercial property market is on very shaky ground as large cracks, which started to appear several weeks ago, are getting larger. Next year the UK economy will flatline and experience the lowest economic growth of any G7 country. The reasons for this are soaring…
The housing bubble, which started to inflate exponentially half way through Covid, due to low interest rates and people moving from flats to houses which had more space and gardens, seems like it is about to burst. The main reason why most experts think this…
As the cost of food, energy, clothing and other general household goods and services continue to rocket, the UK people, economy and commercial and residential property markets face very worrying and uncertain times. The Consumer Price Index (CPI) rose to 9% between April 2021 and…
Both landlords and tenants of high street retail shops throughout the UK are still struggling and things are set to get worse. The cost of living crisis, high inflation and rising interest rates are leaving consumers with no money to spend in shops. As a…
A lot of recent events both domestic and overseas have had a negative impact on the commercial property market and there are growing concerns amongst investors about the stability of high street retail property values. Many of you will have seen the recent news including…
As a result of Covid, rising interest rates, tax hikes, increased competition from online companies and mounting debt, small businesses are voluntarily deciding to close down. A record 14,526 businesses in Britain voluntarily appointed liquidators last year, according to data obtained by accountant Price Bailey. …
Changes to mortgage tax relief introduced in 2016 has forced many buy-to-let investors to sell not only their residential properties but also their commercial properties. These changes prevent buy-to-let property owners from deducting their mortgage interest payments from their rental income to reduce their tax…
What is happening to high street retail shops and the retail property market now that Covid19 seems to be on the retreat? Over the past 4 weeks, we at Sell My Commercial Property have seen an increase in calls from owners of high street retail…
The UK's high streets are still suffering. You will have noticed the recent disappearance of the likes of Victoria's Secret, Debenhams, Peacocks, Thomas Cook, Top Shop, Dorothy Perkins and many more. Although some existing retailers have opened new stores, and some new names have appeared,…
If you are looking to sell your commercial property, including your high street shop, office or industrial property, make sure you are ready. The most important thing to do is to get a solicitor to advise you on the sale. This can be the same…