In the new Unlocking Growth in UK Construction report, complied by industry leaders and representative bodies across the UK, it is argued that stimulating growth in the construction sector will help solve the wider economic problems facing the UK. The group has compiled a six point focus plan which may help steer the Government’s future policy making.
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The Tenant Services Authority has launched its consultation about the new regulatory framework. The consultation runs until 10 February 2012, and the new framework is expected to take effect on 1 April 2012. The new framework takes account of the new investment arrangements, ministerial directions to the regulator, and the Localism Act 2011.
Find out more on the National Housing Federation’s website here.
A group of MPs was yesterday informed by the British Property Federation that the only way to solve the UK’s housing crisis is to encourage institutional investors into the market.
Read more about this potential solution here.
Carl Brown writes of the new world of regulation for housing associations, which he argues is now looking likely to get off to at best, a confusing start.
Read the whole of his blog on the subject, here.
Chartered Surveyors for all areas, available to comment, advise and survey, are available here.
The CEO of the National Housing federation is calling on Housing Associations to widen the services they offer and spend more time on promoting themselves.
Find out more here.
More information on housing and housing associations can be found here, at the National Housing Federation’s website.
The highest number of £1,000,000+ property sales since 2007 were recorded in the first half of this year, underlining the strength of the property market at the upper end, fuelled by foreign money.
To get more details and find other property market comment, click here.
A study by the Intergenerational Foundation has suggested that the housing crisis is being severely compounded by ‘underused homes’, with their co-founder reputedly suggesting that ‘empty nesters’ should be ‘encouraged’ through a new land tax to downsize. The report represents a new, a controversial, angle in the argument on how to solve Britain’s property problem.
To read the rest of this article and learn about a hotly debated solution to Britain’s housing problems, click here.
New research from HSBC has indicated that the cost of providing suitable housing for a third child in the UK, ie. purchasing a three bedroom property, is just under £60,000. This figure constitutes a 38% increase in price from a 2 bedroom to a 3 bedroom property.
The same figures help illustrate that the extra cost of a third bedroom represents 1.6 times the average annual household income for the nation.
Bruno Genovese, head of savings at HSB, is reported to have said:
“[Having a] second child seems to be catalyst for many families moving to a larger home, which is often the largest financial outlay they will ever undertake.”
The figures suggest that careful financial planning is advisory, to ensure that finances are in place to handle the costs involved in raising a family.
If you’re upgrading to a larger property, seek out a professional surveyor to ensure the right price and minimnise the costs as much as possible. PropertySurveying UK
A summary report has been released detailing the acceleration of the release of public land into the hands of the private sector. The report includes further details on the ‘Build now, pay later’ scheme and is part of a wider Government effort to stimulate growth and create jobs.
To read the rest of this article and find the Government report, click here.