Monday, April 21, 2008

April 19: Retail space hits a low

Demand for retail space on the UK's high streets and shopping centres has fallen to its lowest level in a decade, the Royal Institution of Chartered Surveyors has found.

 

The Royal Institution of Chartered Surveyors (Rics) warns that the first quarter saw a fall in demand for commercial property at its fastest pace in more than six years.

 

Rics blamed fears of credit turmoil and a slowing housing market.

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