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The impact of the London congestion charge on businesses and the property market

By: Contributor(s): Language: English Publication details: London RICS 2005Description: 70p. $3 1cmSubject(s): LOC classification:
  • 388.11 $2 18
Summary: 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.

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.

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