New goverment's impact on the property market

With David Cameron as new Prime Minister, it is expected that cuts in public spending will start almost inmediately.

One of the points outlined in the savings plan presented by the Tories in the elections, was to vacate 10% of central government office space within their first year of government, which would increase efficiencies, reduce costs, and most importantly release buildings that can then be sold.

With a commercial property market which is expected to boom by the Olympics, this may increase the supply in prime office space in London, which would be very welcome by the sector.

More in the link below.

http://tinyurl.com/334a37z