| The UK specialist property management consulting company, Chesterton, which works with Farrell Grant Sparks in Ireland, has summarised its view of the effect of e-commerce on property development in the UK. ‘Most experts’, they say, ‘suggest that the UK property market is between 18 months and three years behind the US’. ‘The major threats include a reduction of demand for physical space and the reduction of functions occurring in physical space’. Chesterton says that the Royal Institute of Chartered Surveyors sees the internet economy as positive for property through distribution and retailing. |
