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House Price Crash Forum

Government Cuts To Cripple Property Firms

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It would take more than 230 replicas of the Gherkin skyscraper to accommodate the Government's existing office space. Imagine the cost of constructing those skyscrapers. Then imagine that 25pc of them fall empty. The loss of rental income would leave the developer with a crippling hole in his finances and, given the economic downturn, a fierce battle to find replacements.

In an exaggerated sense, that is the predicament looming for the commercial property market as the Comprehensive Spending Review approaches.

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  • 418 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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