At least £20bn has been wiped off the value of shops on the high street in the space of five months.
CBRE, Britain’s largest valuer, said that yields on “prime”, or good quality, high street shops had moved from 4% to 4.5% between June and November, which equates to a 10% fall in capital values.
According to the Property Industry Alliance, there are more than £200bn of high street properties and supermarkets across Britain, meaning that an average 10% drop in values could have a serious impact.
