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 inflation (food prices, petrol prices, building materials, rent, holidays, clothes etc), rising interest rates, falling consumer spending, increased personal and business debt, falling gold prices, increased taxes (including corporation tax), losses on the stock market (last week the FTSE 250 index dropped 2.61%), losses in crypto currencies (Bitcoin has lost nearly 30% in the past month).

All these factors will impact negatively on the commercial property market and cause prices and demand to fall.

Many people who intended to keep their commercial properties are now starting to sell and we are seeing prices starting to fall.  We believe the commercial property market will crash towards the end of this year and take at least 18 months to recover.  The recovery will be difficult and slow and it could take a decade for prices to get back to where they are today.