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‘Government’s 2010 rating revaluation misleading’

BNP Paribas Real Estate’s research, however, demonstrates that this is a very macroeconomic outlook which may result in unrealistic expectations from the revaluation by ratepayers.

Mike Flecknoe, Senior Rating Director at BNP Paribas Real Estate, said: "It is very misleading to present a macroeconomic view that there will be ‘nominal’ changes for business ratepayers following the 2010 revaluation.

"It is easy to show this view if you take an average of all properties across England. However, realistically, there will be both winners and some significant losers when you examine different sectors of properties in different regions in England. Once you delve a bit deeper, the shifts can be quite dramatic and in our sample we highlight falls of just over 2% but increases of up to 25%."

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