Welcome to the Property Advice Newsletter
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
Publication date: August 2017
In this month's edition ... we
look at the updated Money Laundering regulations, discuss how some
communities are using the Neighbourhood Plan to control local
development, ask why we are still building on floodplains, and discover
how much could be lost in tax revenue due to unregistered buy-to-let
The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team;
collating survey data, statistics, trends and information from the
property market. This aims to provide a single place where anyone with
an interest in UK property can find the information they need.
an attempt to further address the estimated £24 billion a year
'generated' by organised crime, the Money Laundering, Terrorist
Financing and Transfer of Funds (Information on the Payer) Regulations
2017 came into effect on 26th June 2017. The new regulations repeal and replace the Money Laundering Regulations 2007.
The changes are significant for property professionals, particularly those with connections to estate agency.
Development Plans (NDPs) enable local people to have their say on the
development of their area, including where houses, schools and
businesses should be built, how they should look and what
infrastructure needs to be in place in order to support the development.
around the country are reaping the rewards of adopting a NDP, as
planning applications are influenced by strong local opinion. In the
majority of referenda, local turnout has been over 80%.
billion people worldwide are still without access to clean water. Many
exist on only ten litres per day, which is as little as a single toilet
flush. Millions of people are displaced each year through water
shortages - more than the number fleeing war zones. By 2025, it is
estimated that over two billion may be without access to water.
A third of the water available to us in the UK is lost through leaky pipework before it even reaches us.
a twelve month study, a Salford University team estimates that 90 per
cent of floodplains across England have been altered so extensively
that they no longer work as they would in their natural state. The
report predicts that flooding will worsen unless action is taken to
reverse the damage.
1991, the population of Belfast City Centre was half what it was in
1926 but, after the signing of the Good Friday Agreement, it has become
one of the fastest-growing economies of the thirty largest cities in
the UK over the last decade, while having one of the lowest city centre
populations in Europe.
a proposed £12 million scheme that will be the first of its kind in
Northern Ireland, developers have announced plans to build Belfast's
first large scale 'build-to-rent' housing scheme.
of a retirement village in Bristol shared daily activities with ten
four-year olds from local Bristol pre-schools, over a six week period,
as part of a two-part programme broadcast in August 2017.
100 company, Legal and General, has entered the retirement property
market in a direct and quick way by buying the Inspired Villages Group.
University of London professor says we should "all be very angry" with
the government, as he estimates that losses in undeclared tax from
buy-to-let landlords could be as much as one billion pounds annually.
that Babergh District Council has 'ignored the neighbourhood plan', the
villagers of East Bergholt in Suffolk are campaigning to defect to
This newsletter is a free service by PropertySurveying.co.uk for
those with an interest in the UK Property Market. As well as being
posted online here, it is emailed direct to our subscribers all
across the country.