Aviva warns of vacant property rise
A new study by the Local Data Company shows that retail property vacancy rates across Britain rose 2% in the past six months of last year to 12%, with some towns seeing as much as 24% of its shops lying empty.
Allister Smith, property risk manager at Aviva, said: “With vacancy rates on the rise, now more than ever it’s imperative that landlords take all necessary steps to ensure that their buildings are adequately protected and insured correctly.
“The biggest two threats to an empty property are fire and malicious damage. Empty units must be adequately protected - every year, over three million properties are vandalised and 25% of this malicious damage occurs in empty properties with arson costing
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