Hadn’t realised I’d posted that but I should have added that estate agents are also screwed, especially the smaller chains and independents. Can’t take on new business without site valuations, can’t continue with existing listings if no viewings can be carried out, sales nearing contract exchange need surveyors and engineers reports. Basically the market is going to stop. That’s a awful lot of estate agents with no income. I hope they put some aside from the good times instead of pissing it way on smart cars and holidays. Oh hang on, it’s estate agents we‘re talking about.
You remind me of the sorry story of Halliwells when you mention building funds up during the good times. Halliwells was Manchesters largest commercial property law firm. I was with a friend collecting his car from the underground car park at 3 Hardman square, Halliwells building. The insolvency people had cordoned off and clamped several cars, Porsche 911, Bentley Arnage, Merc AMG, a couple of BMW's, company cars belonging to partners.
How the mighty fall, the partners there earned very big money and spent it on houses in Tuscany, ski chalets in the Swiss alps. Hundreds of para legals redundant and another empty building because the good times were never going to stop, then they stopped.
3 Hardman square gets to be on the telly as a shoot location now and then, dramas mainly, most recently the exterior in "The Stranger", previously in apocalyptic drama "Year and Years", interior location.