Commercial property UK – a 3 year view.
David Ajose CEO of Exeid, the rapidly expanding boutique commercial property consultancy commented on the recent changes in empty rates liability and the further impact of interest rates on the Commercial Property Market. "We expect interest rates to firm up in Q3 this year adding more pressure on any highly geared property investments. This combined with empty rates liability charges will mean that the commercial property market will be under pressure for the next two years at least. We think that the market will be no further on, in two years time than it is today. Then we believe that things will begin to improve slowly, towards the end of 2013 and into 2014". Although this may sound a little depressing to some, David thinks that anyone with a long term…