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Welcome to the Property Advice Newsletter
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
www.PropertySurveying.co.uk
Publication date: June 2017
In this month’s edition … we highlight the issues surrounding subsidence, discuss foreign investment in the UK property market, look at how you should prepare in advance for flooding, and discover the difficulties of reopening a slate mine …
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.
In January 2016, Oxgangs Primary School in Edinburgh made news headlines when Storm Gertrude brought nine tons of bricks falling to the ground. Â It has since emerged that 71 further schools across Scotland were found to have similar defects and required remedial work.
Millions of pounds have been spent by local authorities which have bought back properties previously sold under the government’s Right to Buy scheme.
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Unexplained cracks in the plasterboard? Expanding joints in brickwork? Windows and doors sticking for no apparent reason? If you spot any of these problems and cannot find a reason for them, get specialist help as soon as possible. If it’s subsidence, the sooner it’s diagnosed the better. |
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You may own one of the estimated 5.5 million properties in England and Wales (that’s one in six) that are estimated to be at risk of flooding. Here are some things you can do to help yourself. |
An investigation by The Times suggests that foreign investment in the UK property market is making it yet more dificult for Britain’s first time buyers to step onto the property market.
While revised Stamp Duty Land Tax changes will benefit the first time buyer, making lower-priced property more affordable, the tax will further increase government revenue on more expensive property.Â
The office and retail building once voted Time Out magazine’s fifth worst building in London, has been awarded Grade II* listed status.
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Accumulated rubbish and 100m of rock had to be removed before extraction could start at a reopened slate mine – and a colony of bats has been temporarily rehomed to make way for the extraction of approximately 200 tons of slate over the next ten years.
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And Finally….
The village of West Heslerton near Scarborough has been in the ownership of one family for 150 years. Â Its 84-year-old owner died five years ago but she left no single heir, leaving her beneficiaries no option but to sell.
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.
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