The recent instability in the worldwide economy has brought an interesting concept to the fore. Have we seen the end of the Blue Chip tenant as it was previously known? The reason for asking this question is fairly obvious. Investors with lucrative long term contracts, including upward only rent reviews, over long periods are considerably less comfortable than they were just a year ago. Many of the ‘Blue Chip tenants that are still in existence have had their reputations, and their stock values, totally ravaged.
Knight Frank claims that house prices now rising in more than half of countries worldwide.
Companies become bankrupt, it happens all the time. When companies go spectacularly bust we will see headlines about the company, its debts, its trading history, etc. We very seldom, however, see anything about the people left behind, saddled with any debt which can’t be recovered from the carcass of the expired company. Here we look at what it is like for these clients with a case study.
Welcome to my blog. Here you will find my musings on the overseas property industry – without fear or favour from advertisers or editors.
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