Empty Property Rates not working as intended
A RICS report has found
“EPR [Empty Property Rates] to have a significant detrimental effect on property market confidence, an already weak sector of the economy. There is a clear sense from those participating in the survey that EPR has failed to meet its original objectives. These were to incentivise owners to bring forward property for renting; discourage property owners from leaving properties empty; and to revitalise and help regenerate declining town centres.”
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