Empty property rates survey [electronic resource]
Empty property rates survey [electronic resource]
- [United Kingdom] LSH 2009
Finds that the main cause of the increase in vacant property over the last year has been the downturn in the economy. However, there has been an increase in demolition of perfectly sound properties over that same period, largely as a result of their liability for empty property rates. Suggests that owners tend to wait around 12 months before considering demolition so this is likely to increase in the next few months. Alongside that, investment in new property has been discouraged, and the combined effects of these impacts is that there is likely to be a shortage of commercial property available for occupation when the economy begins to pick up again.
Advanced
RATING (EMPTY PROPERTIES) ACT 2007
England and Wales--1543-
332.6324 $2 18
Finds that the main cause of the increase in vacant property over the last year has been the downturn in the economy. However, there has been an increase in demolition of perfectly sound properties over that same period, largely as a result of their liability for empty property rates. Suggests that owners tend to wait around 12 months before considering demolition so this is likely to increase in the next few months. Alongside that, investment in new property has been discouraged, and the combined effects of these impacts is that there is likely to be a shortage of commercial property available for occupation when the economy begins to pick up again.
Advanced
RATING (EMPTY PROPERTIES) ACT 2007
England and Wales--1543-
332.6324 $2 18