This research seriously questions the effectiveness of empty property rates (EPR) in reducing the prevalence of empty commercial and industrial properties. It argues that they have in fact restricted economic growth.
The report sets out the findings of an online questionnaire of RICS members to find their views on the impact of EPR on the commercial and industrial property sectors.
An overwhelming majority of respondents – 76% – found the EPR policy to have been unsuccessful in incentivising owners to bring more property to the market.
89% felt the policy was restrictive to overall economic growth.
20 Mar 2013
27 Nov 2012
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