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Levelling up the high street

Author

Listed:
  • Duncan, Michael

    (Burges Salmon LLP, UK)

Abstract

The decline in high-street retail over recent years has prompted the UK Government to introduce the Levelling Up and Regeneration Bill, which at time of writing is making its way through Parliament. It aims, among other things, to reduce the number of vacant units on high streets in England and Wales by giving local authorities the power to put vacant high-street properties into rental auctions. This paper examines the key provisions of Part 10 of the Bill, as currently drafted, and the effect it is likely to have on the market for high-street properties.

Suggested Citation

  • Duncan, Michael, 2023. "Levelling up the high street," Journal of Building Survey, Appraisal & Valuation, Henry Stewart Publications, vol. 12(2), pages 180-186, September.
    • Handle: RePEc:aza:jbsav0:y:2023:v:12:i:2:p:180-186
    as

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    More about this item

    Keywords

    high street; town centres; regeneration; retail; hospitality; auctions; vacancy rates;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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