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Debate House Prices


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Commercial property turn into residential with no planning permission needed.

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Comments

  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Mallotum_X wrote: »
    The lack of PP may end up with ugly office blocks becoming ugly flat blocks - great!

    They do tend to reface them, eg using curtain walling, which makes them look better, but they are still rectangular boxes. Not much you can do about that.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Doesnt matter what they look like or how little they may sell/rent for.

    Its all about supply and demand. The more of these commercial properties turned into residential will bring greater supply to the market and the greater the supply the less demand as landlords struggle to get tenants. Rents fall, along with them average property prices.

    I can see old disused commercial properties actually going up a little though.
  • Milla_2
    Milla_2 Posts: 39 Forumite
    We`ll find out the details very soon.

    Want to buy a very cheap commercial property to live in :)
  • If you were going the other way and converting a residential property into a commercial property - you could just build a massive garden office in your back yard! :T ( I can't post links yet but Google - Atelier garden office )
  • MikeJ74
    MikeJ74 Posts: 82 Forumite
    Looking like the gov do not mind falling house prices. With lots of new builds and these commercial being made into flats and houses, supply is going to flood the market, prices will fall fast from here.
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    MikeJ74 wrote: »
    Looking like the gov do not mind falling house prices. With lots of new builds and these commercial being made into flats and houses, supply is going to flood the market, prices will fall fast from here.

    Isnt many parts of the country already flooded with builders trying to offload flats, not sure a few more will make a significant difference.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Mallotum_X wrote: »
    Isnt many parts of the country already flooded with builders trying to offload flats, not sure a few more will make a significant difference.

    Indeed. I reckon it won't make much of a difference.

    TBH when buying my flat last year I would have not likely considered converted commercial premises. In fact I did see one that was converted and it was tiny.
  • ILW
    ILW Posts: 18,333 Forumite
    vivatifosi wrote: »
    They do tend to reface them, eg using curtain walling, which makes them look better, but they are still rectangular boxes. Not much you can do about that.

    They did a few of the 60s office block in Croydon. Stuck a bit of wood on the front and sold them as "executive apartments".
  • Jazzshed
    Jazzshed Posts: 31 Forumite
    ILW wrote: »
    They did a few of the 60s office block in Croydon. Stuck a bit of wood on the front and sold them as "executive apartments".

    They will be doing a lot more in 2011
  • ILW
    ILW Posts: 18,333 Forumite
    Jazzshed wrote: »
    They will be doing a lot more in 2011

    Hope so, could really help things along without having to concrete over half the SE.

    Be a pity if they all get bought up by BTL investors though.
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