As many expected, 2012 has proved to be another extremely trying time for the commercial property market in the UK.
Banks are still not lending, consumer spending is falling, unemployment is rising, inflation is still out-of-control, retail failures have continued, the Eurozone crisis has created waves of volatility within the stock markets around the world and investors in general are still nervous and refraining from taking any risks. All these factors, and many more, are contributing to the commercial property market experiencing stagnation and in certain areas values are still on the decline.
What’s the answer? If I knew, I would be a very happy man.