Retail To Residential Conversions Down 17%

Despite having the backing of the Government, the number of retail to residential conversions have fallen by 17% in the last year in England, new figures suggest. Shop conversions are stubbornly low despite retail industry struggles and there are reports of some councils starting to restrict conversions, according to a new report from private wealth law firm Boodle Hatfield. The number of retail properties approved for conversion to residential property has dropped 17% from 453 in 2017/2018 to just 376 in 2018/2019, the research shows. Read more on the Property Wire website.

https://www.propertywire.com/news/uk/retail-to-residential-conversions-down-17-despite-growing-retail-vacancy-rates/