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Welcome to the March 2011 NewsletterAs snowdrops emerge from the ground and the weather is improving, dare we suggest that the green shoots of recovery have started? There is no doubt that activity levels are up within the property sector, although confidence and uncertainty remain issues as most of the world goes through a period of transition. On a positive note the North West, according to Lloyds TSB, have outperformed the UK as a whole in terms of output, new business and employment growth in November. Manufacturers continue to be the trailblazers, particularly those exporting, and on that basis, particularly East Lancashire, is well placed to capitalise on growth. A big concern however is the surge in energy and commodity prices which are predicted to continue upwards throughout the rest of 2011. Furthermore VAT and the totally unacceptable reduction in the empty rate free threshold bring further pressures to bear on the market. As if that was not enough, further talk of inflation and interest rate rises will impact upon the massive outstanding debt in commercial real estate in the UK. 2011 we predict will bring more of the same, and one hopes that all involved in property will keep calm and carry on. Caroline James Latest News From Trevor Dawson
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OpportunitiesKingsway House, Burnley Former Club For Sale DealsSuccessful Disposal For Thwaites Handbridge Mill, Burnley |
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