Wind Farms Revealed Officially to Reduce Property Prices

Property Surveying – The Valuation Agency Office (VAO), a subsidiery of Revenue & Customs, has recently revealed that it has down-graded council tax bands for a number of homes situated near clusters of wind farms. The reason is that the values of these homes have been forced markedly down by the presence of the turbines, in some cases, for example at Fullabrook Down in North Devon, by as much as a quarter of the total value even as far as 650 yards away from the installation.

A Halifax survey, however, found that the most prolific reducer of value is actualy noisy neighbours, with 17 per cent of homeowners affected by this issue to the tune of an average £31,000 reduction.

For advice on your property’s value, find your local surveyor here.

Sussex Employment Boom Hopes to fuel Property Recovery

Brighton and Hove Surveyors – A reported ‘boom’ in employment levels across Sussex has taken place, with super markets and an insurance firm bucking the national trend and creating hundreds jobs through investment.

Asda is creating at least 500 jobs, Sainsbury’s 400 vacancies and Insurance firm Hastings Direct 200 new jobs over the next 12 months. The hope is that this increased level of economic activity will positively affect the local property market.

Now could therefore be the time to buy property in Sussex; beating future house rises. If you wish to invest, get professional advice from a local Chartered Surveyor here.

Beautiful York Manor Up for Sale

York Building Surveyors – A surveyor’s dream job, and one that many companies will be vying for, has recently come to the market in the form of Middlethorpe Manor, the former residence of Terry’s Chocolate Orange creator Sir Francis Terry.

The Grade II-listed house is situated near the luxury hotel ‘Middlethorpe Hall’ and just down the road from the famed chocolate factory, which was recently put up for sale earlier this year. Middlethorpe Manor is a snip at £4m and interest is expected to be high.

If you have or are looking to buy a large property, it is always pragmatic to commission a survey and uncover any hidden defects. Find your local surveyor at propertysurveying.co.uk

Gwent Leads The Way in Technology Innovation for Homebuyers

Newport Surveyors – “Properties in your pocket, Homes in your handbag” is the tag line attached to a new service offering house hunters on the move constant access to available properties in their area, including the populous centres of Newport, Cardiff and Swansea (Follow the links to find a local surveyor)

The source is Android and Iphone apps, free to download, asnd a number of agents across wales have joined the scheme, run by the South Wales Argus newspaper. More information here.

 

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Brighton & Hove Council Awards Contract to Clear Up Traveller Sites

Brighton Building Surveyors – Tim Jordan Grounds Maintenance will provide collection, disposal, recycling and reuse of waste at unauthorised travellers sites in Brighton and Hove. The contract will run for three years with the option of an extension of up to one year subject to performance.

According to documents posted on the South East Business Portal website the total value of the contract is in the range of £350,000 to £500,000.

More information is available here.

Plymouth’s tallest building up for £35m refurbishment

Plymouth Surveyors – Plymouth’s tallest building is to be sold for a £35m revamp. The 15 storey civic building is located in the heart of the city and may be converted to flats or a hotel, or refurbished for council use.

Some Chartered Surveyors specialise in commercial, high rise buildings. Find such a surveyor here.

New House Building Stifles Property Market Comeback

By continually boosting new house building the politicians may just continue to keep the property market in the doldrums. If new house builders are boosted, any slight increase in demand for property above the current equilibrium will initially be sated by the new houses, resulting in less growth in the major sector – ie. the existing housing stock.

It is growth in the existing housing stock sector which will stimulate demand and create spin-off economic benefits in house decorations, upgrades, electrical and plumbing improvements, solicitors, surveyors and tax (stamp duty) revenue. All of which are related industries whose fates are tied to the success, or failure, of the incumbent housing stock. Demand and rising housing prices in this existing sector will remove negative equity traps and free up funds for a multiplier effect inducing stimulus.  To read the full article click here.

 

Four New Residential Construction Schemes Set For Manchester

Manchester Surveyors  – Four new residential construction schemes on the fringes of Manchester City Centre could be ‘shovel ready’ as soon as the end of this year, following up to £11m of Government funding through the ‘Get Britain Building Initiative’.

The developments could be a valuable stimulus to Manchester’s property market and wider economy, although some of the designs have not be met with overwhelming support.

Ashford to be One of the First Councils to Receive Section 106 help

Ashford Surveyors – It has recently been announced that Ashford Council will be one of the first to receive assistance from the Government’s new team of negotiators, tasked with mediating in stalled 106 negotiations. An estimated 1400 construction projects across the country have been moth-balled and this scheme hopes to get them up and running once again.

This could be a valuable stimulus to the economy and to the construction sector in particular. Read our newsletter this month for more information by signing up here.

China’s ‘white elephants’ litter the landscape

Property Surveying

Much has been made of the failed construction projects in Ireland and Spain that lie dormant for lack of funding of consumer interest, but the scale of those failures is nothing compared to the huge undertakings that have been left mothballed in China.

Whole theme parks, shopping centres, cities and even a town made to look like old England (cobbled streets and Tudor housing included, in the style of Ashford or Canterbury) are more reminiscent of the tumbleweed occupied ghost towns of the wild west than the thriving  hubs they were designed to be.

Read about the many projects that growth orientated China has consigned to the history books here.