Britons looking to open a
business property may find the current conditions are favourable, an expert has said.
Matthew McEachran, retail analyst at Singer Capital Markets, stated new
commercial property owners could see the situation as "better from the perspective of cost and tax incentives".
This is particularly true following measures announced in the emergency Budget, as start-up retail businesses could benefit from the incentives, he continued.
Mr McEachran's comments follow a statement from Wilkins Kennedy, which highlighted a recent rise in the number of new companies forming.
The past two years saw the opposite trend, with record drops in new businesses during the recession, it was found.
Measures revealed by Chancellor of the Exchequer George Osborne include a national insurance contributions holiday for new firms being launched in the near future in certain parts of the UK.
This could act as an incentive for some commercial property owners looking to start a business.
Posted by Tom Baker