In this month’s Property Surveying Newsletter … we discuss the implication of the Queen’s Speech, look at whether it is trespass to maintain your property and discover more about the blue plaque scheme
The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team, reflecting survey data, statistics, trends and information from the property market. This provides a single place where anyone with an interest in UK property can find the information they need.
The announcements made by Prince Charles in the Queen’s Speech this month included several matters that will affect the property market.
A staggering 30,000 female private property renters in the UK have been offered ‘sex for rent’ – a rent-free home in return for sexual favours – in just the last two months.
This month, interest rates rose to a 13-year high of 1%, as the Bank of England increased the Bank Rate in a bid to tackle rising inflation. Further increases are expected over the next year, and some believe it will reach 3% during 2023. But how is this likely to affect property ownership in the coming year?
Going on to your neighbour’s land is sometimes necessary to carry out essential repairs to your property. Consequently, the Access to Neighbouring Land Act 1992, provides for this with a legal right to access in certain circumstances.
The Building Safety Act, which overhauls building safety regulation after the Grenfell Tower fire, came into effect on 28th April 2022 and includes some changes that apply to all new building work.
A domestic lift provides homeowners with the means to effortlessly travel between floors and are an alternative to the traditional stair lift, over which it has distinct benefits. But installing a lift in the home isn’t just for the less mobile among us, or the super rich.
National Trading Standards has deemed the use of the term “price on application” (POA) in relation to the sale of houses misleading, as it hides or withholds the asking price from potential home buyers.
And finally …
You may be familiar with the sight of “blue plaques” on properties, but have you ever wondered how the blue plaque scheme originally started or what these markers actually mean?
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
The Property Surveying 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.
Subscribe to receive the Property Surveying Newsletter by email every month (we promise never to share your details with a third party). The next newsletter will be published next month.
Email us at: email@example.com