We regularly circulate Briefing Notes on key matters predominantly relating to the ‘Diminution in Value’ cap, with some examples as follows:-
How will the Levelling Up And Regeneration Bill affect Diminution in Value Assessments?
The announcement in the recent Queen’s speech that Local Authorities are being empowered to hold
auctions to let out shops that have been vacant for over 6 months has, understandably, attracted much
publicity. From saviour of the High Street, to just a publicity stunt.
July Auction Results Assist High Street Shop DVs
Two July auctions have served to starkly illustrate what we have been generally advancing as expert evidence in diminution valuations of vacant high street retail properties.
In the Lambert Smith Hampton auction, refurbished (mixed use) and vacant shops struggled to sell.
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Paul J Raeburn
BSc (Hons) MRICS DipArb FCIArb
RICS Accredited Mediator
BSc (Hons) MRICS ACIArb
RICS Registered Valuer
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