In this month’s Property Surveying Newsletter … we discuss how the NCA recovers funds from fraudsters they can’t prosecute, look at how conservation is holding back construction in some areas and discover more about wet rot and woodworm
The Property Market Monthly Fact File
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.
Property developers to pay millions to National Crime Agency
An investigation by the National Crime Agency has resulted in the recovery of £4.3 million from two property developer brothers with a 30 year career in the business.
The Party Wall Act – know your rights
A recent court decision has concluded that the Party Wall etc Act 1996 did not apply because a Notice under the Act was not served on a neighbour. So how can the Party Wall Act protect home owners when neighbours decide to perform work on their property?
Developments on hold due to pollution from nutrients
Laws designed to protect wetlands have been blamed for delays in building up to 120,000 new homes. A 2018 court of justice ruling to protect conservation areas (as designated by the EU), prevents developers of new homes from polluting nearby wetlands, rivers and nature reserves in England with nutrients.
Woodworm – a Surveyors guide to insect infestation
Woodworm is the generic term that applies to the wood-eating larva of many species of beetle. It is also the description given to the infestation of wood by these larvae.
Surveyor’s guide to Wet Rot
Wet rot is the most commonly found type of rot in the home. Whilst easier to treat than its drier counterpart, it can still be a significant cause of structural damage.
And finally …
Council with local housing shortage markets new homes overseas
Around 500 new homes on two sites are being built in Cambridge in a partnership between the council and property developer, the Hill Group. Around 240 of the homes at the Timberworks and Ironworks are council homes, with the remainder up for private sale. The Cambridge Investment Partnership says it prioritised local people when selling the homes – but it has been marketing the properties overseas.
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
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