Thursday, Feb 11, 2010
Will it ever be the same again?
SKY: Dying High Streets: 17,880 Empty UK Shops
"The British high street is struggling to adapt to changing shopping habits, research suggests, as new figures show the number of empty town centre shops nearly doubled last year". "The seaside town of Margate in Kent topped the list with the highest proportion of vacant retail premises - some 27.2% of shop fronts are now boarded up".
Posted by alan @ 07:59 PM (563 views) Add Comment
6 Comments
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2. fallingbuzzard said...
I noticed some research recently about a commercial property bottom/upturn and I thought "you numbskulls" but then I realised that were involved in peddling the stuff. I think commercial property has a way to go till the bottom which might take 5 years+. I wouldn't touch it with a bargepole, even in a pension maturing in 20 years
3. freemanphil said...
This is a result of price fixing. Government attempts to dodge the free market to protect the assets held by banks has skewed supply and demand. If prices are allowed to fall, demand will rise, and shops will fill. But these people don't care, because they are happy that you fill their huge shopping malls and Tesco's stores. They don't give diddly squat about small business or our culture. "Our" politicians are in tow. These traitors should be hung for working against British common law principles in our constitutional documents like Magna Carta, bringing fascism to our shores. They are traitors.
4. Ndg said...
Woolworth's in Salisbury will make a darn fine (soup) kitchen. Fact is Woolworth's (ex) stores nationwide will make darn fine (soup) kitchens. Blimey.
5. happy mondays said...
Well said Freemanphil...
6. mark wadsworth said...
This is easily fixed - now that we've more or less scrapped Business Rates exemptions for empty buildings, just keep hiking Business Rates (the closest thing we have to Land Value Tax outside of Northern Ireland) while simultaneously cutting VAT and Employer's national insurance (as well as scrapping the minimum wage and reducing the amount of income-based benefits withdrawal) until the cost of leaving a building empty is vastly greater than the cost of actually running a business.