Thursday, May 14, 2009

Office Rents Crashing in London to 1991 Prices

Rents Crashing in London to 1991 Prices Le Gavroche Shows Gone

Its even nastier out there if you're a commercial landlord. Awwww.... that's gotta hurt?

Posted by lukeskywalker @ 09:26 AM (731 views)
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2 thoughts on “Office Rents Crashing in London to 1991 Prices

  • To be truthful, having a laugh at the problems facing Commercial Landlords isn’t the right thing to do.

    Obviously the demand for office space is declining rapidly for one reason, jobs being lost. Granted a lot are from Investment banks and there will be some lost from other companies too but rising unmeployment will lead to more tha decreasing house prices in the end.
    If Brown and his mateys lose tax revenue from the rents. more tax revenue from lost wges and have to pay benefits to more people then in a couple of years time income taxes may have to rise further than expected to just make good what HMG are losing here.

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  • Lukeskywalker says:

    Indeed. The greed of the government to reap the tax generated from ever increasing land/housing values, spending and wages etc. etc. in the good times is certainly going to haunt them and us for many years from diminished tax receipts now. Over the years it should average out but the problem is that they didn’t save during the good times. That sound we hear is not laughter, its millions of people recoiling in horror.

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