- Editorial Team
- Comments Off on Costs of living crisis
- Commercial Property, Retail Property
The costs of living crisis in the UK, which is getting worse day by day, will trigger a consumer spending slowdown and lead to aggressive interest rate hikes. The impact of this will be felt the hardest on high street shops which in turn will impact commercial property values. High Street shops have also had to deal with increased utility bills, increased National Insurance contributions and increased salaries.
Due to the the costs of living crisis, we at Sell My Commercial Property are getting an increasing number of calls from owners of high street shops who are very nervous about the market and the ability of their tenants to continue to pay rent and now want to sell. Some are prepared to take a loss before the economy falls into a recession and the market crashes and look to companies like ours who have cash, can move quickly and understand the risks involved in buying high street shops.
If you need help to sell your commercial property, please get in touch with us today.
You can submit our online contact form for a rapid response or call us free on 0800 689 0888