The monthly property market survey fact file from the Propertysurveying.co.uk team collating survey data from the building and property market. To read click here.
Category: General Section
Coalition Government Property Proposals
The Coalition Government has issued a list of things they plan to do while in Parliament.
Some of this agenda will directly affect property, for example lifting the ban on tenants running businesses from home, and the installation of smart meters in homes.
To read the whole article, click here.
HIPs have been suspended
The government has today announced that Home Information Packs are to be suspended from 21st May 2010. This confirms the Conservative Party’s intention stated prior to the election. The Energy Performance Certificates will continue, as they are a European Union directive, and will be valid for 10 years.
Private Water Supplies Regulations Change
From January, 2010, there has been a reshaping of the law forcing Local Authorities to carry out a risk assessment and to test all Private Water Supplies in England and Wales.
This will affect every property with a private water supply, except an individual (non commercial) property where the owner has not requested an assessment.    To read more click here.
March Property Lending Figures Released
The rate of the recovery appears to have stalled according to figures released by the Bank of England for March 2010.
The net lending secured on dwellings increased by £0.3 billion, well below the February increase of £1.8 billion and the previous six-month average of £1.5 billion. The twelve-month growth rate was unchanged, at 1.0%.
Gross Mortgage Lending of property market increases.
The Council of Mortgage Lenders have published survey data which shows that gross mortgage lending on buildings, property and land in the UK was approx.£11.5 billion in March, up by 24% on February (£9.3 billion). To read more, click here.
Source: Council of Mortgage Lenders. 19/4/10
Inflation Figures released for March 2010.
The Consumer Prices Index, which is used by the government to measure the annual inflation rate, rose to 3.4% last month (March). It was 3% in February. The increased price of petrol and diesel, and the knock-on effects of this on other sectors, is blamed for the increase. Also, the bad weather in January forced the price of certain produce up, as some vegetables became more scarce as a result.
Source: Office for National Statistics 20/4/10
Property Market Survey Fact File April 2010
The monthly property market survey fact file from the Propertysurveying.co.uk team collating survey data from the building and property market. To read click here.
Election uncertainty over ?
So the election has been called and some uncertainty for the economy and the property market may soon be over. We will know which collection of politicians forms the next government after May 06th. How will their individual policies affect the property market?
Confidence in property house prices, property sales volumes, property valuations, building surveys and the legal changes proposed could all be affected by the outcome.Â
A detailed analysis will be made on a party by party approach over the coming weeks and posted in the propertysurveying.co.uk newsletter archive.
06th April, 2010
Furnished Holiday Letting (FHL) tax relief withdrawn.
With effect from 6 April 2010, as announced last year, the tax advantages of FHL businesses will be withdrawn. Income from FHL will be then treated in the same way as income from other property rents.
30/3/10