The impact of the London congestion charge on businesses and the property market
McGill, Greg
The impact of the London congestion charge on businesses and the property market - London RICS 2005 - 70p. $3 1cm.
In terms of the property market, the research considers the effect of the London congestion charge scheme on property values, location and lease arrangements. The research reveals that capital values have not been significantly affected, although when leases have been re-negotiated they have been shorter and the retail sector has seen a slight fall in rents. There has been a mixed response to the congestion charge from businesses, with the commercial and professional sectors generally supporting the scheme, whereas the retail and leisure sectors have expressed much more concern.
LONDON CONGESTION CHARGE ZONE
London
388.11 $2 18
The impact of the London congestion charge on businesses and the property market - London RICS 2005 - 70p. $3 1cm.
In terms of the property market, the research considers the effect of the London congestion charge scheme on property values, location and lease arrangements. The research reveals that capital values have not been significantly affected, although when leases have been re-negotiated they have been shorter and the retail sector has seen a slight fall in rents. There has been a mixed response to the congestion charge from businesses, with the commercial and professional sectors generally supporting the scheme, whereas the retail and leisure sectors have expressed much more concern.
LONDON CONGESTION CHARGE ZONE
London
388.11 $2 18