The Scottish Property Federation (SPF) will warn today that the UK’s financing ‘black hole’ will deepen still further the gap between the South East and the rest of the country.
The SPF will issue the warning at its autumn conference today as the
David Melhuish, director of the SPF, said: “Whilst prime commercial property in
“The property debt will make finance difficult to come by and in this context the public capital expenditure cutbacks raise a genuine concern over future levels of public investment in the Scottish economy.”
The most recent De Montfort University commercial property report shows £160bn of debt is due to mature over the next five years with the Government’s Comprehensive Spending Review revealing £81bn of cuts during the same period.
nick.whitten@estatesgazette.com
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