Exit Means Empty

By Lisa Evans at 00:00

As we wait with bated breath for Brexit and the imminent exit date, does the exit mean empty for Britain's Commercial Property Market?

Investors are in decline leaving much of the UK Property Market, both residential properties, for Commercial Portfolios and Commercial Properties empty.

Take Centre Point, for example, in the Centre of London.  The Developer is believed to have halted sales due to the lack of interest from investors and offers to buy at unrealistic prices.  According to The Guardian "more than half of the the 1900 ultra luxury apartments built in London last year failed to sell".

This combined with on-line shopping is having a huge effect on the high street with retailers ditching their commercial spaces may lead to numerous empty properties across the residential and commercial property markets.  Concerns over tax hikes for foreign investors are also adding to the mix. 

As we head into 2019 with interpretation and as Britain braces itself for exit will foreign investors be exiting along with us?


Lisa Evans

Lisa Evans , Partner and Head of Property

Lisa is an experienced Commercial Property Solicitor who deals with all aspects of commercial property work for a large number of clients including private individuals and client companies, many of whom have instructed Lisa on a repeat basis for a number of years.


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