Empty Property Rates 'demolishing' town centres

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Published by Max Salsbury for 24dash.com in Central Government and also in Development, Finance, Local Government

Empty Property Rates (EPRs) are forcing property owners to demolish their town centre premises, according to new research from RICS. Over 50% of surveyors questioned said they believed EPRs were a contributory factor in property owners tearing down their buildings, whilst 90% said that charges placed on shops and offices are "significantly detrimental" to the recovery of the nation’s town centres. Business rates on commercial premises like shops and offices are frozen for the first three ...

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