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UK Out-of-Town Retail Marketbeat: June 2012
Posted on: 21 June 2012
By: mackene
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Filed under: News
This is a four page review of market trends and price movements in the UK out-of-town retail property market, including analysis of yields and rents, as well as commentary on occupier and investment trends. This report chronicles the stories of five very different cities, in the USA, South Korea and Colombia, that became stronger after freeways were removed or reconsidered. They demonstrate that fixing cities harmed by freeways, and improving public transport, involves a range of context-specific and context-sensitive solutions. This perspective contrasts with the one-size-fits-all approach that was used in the 1950s and 1960s to push freeways through urban neighbourhoods. The belief then was that freeways would reduce congestion and improve safety in cities.
Privately owned public space: where are they and who owns them?
Posted on: 21 June 2012
By: mackene
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Filed under: News
The Guardian newspaper is embarking on an ambitious project to create a map of privatised public spaces in Britain, and would welcome assistance and contributions from the public. Information is requested on open spaces, from streets and city squares to village greens, beaches and riverbanks, where there’s a reasonable expectation that the space might be public.
Park homes
Posted on: 20 June 2012
By: mackene
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Legislation ‘more suited to the 1960s’ is failing to protect park home residents from exploitation by unscrupulous owners, according to the House of Commons Communities and Local Government Select Committee. About 160,000 people live in 84,000 park homes which accounts for around 0.38% of the total housing in England. There are around 1,950 park home sites across England, which are concentrated in rural and seaside locations. The vast majority of park home sites are privately owned with a small number owned by local authorities. Park homes have proved attractive to retired people wishing to release capital from the sale of a house and find a pleasant and peaceful location with a sense of community to live in permanently. As a consequence park residents tend to be older than the population as a whole: in 1992 about 55% of park homes were occupied by people aged 60 or over. A decade later this proportion had risen to over 68%. The Select Committee has published the findings of an inquiry which aimed to the key issues that residents face, to assess the scale of the problems and to examine what legislative solutions might be appropriate.
High Income Social Tenants: Pay to Stay consultation
Posted on: 14 June 2012
By: mackene
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Filed under: News
The government has published proposals to introduce a ‘Pay to Stay’ scheme whereby landlords could charge a fair rent to tenants on high incomes who want to stay in their social homes. The consultation paper seeks views on how such a scheme would operate, and at what level the income threshold to require higher payments should be set. The government intends to apply the proposals to new and existing tenants, although it asks for views on problems applying the plans to the latter group. Comments are requested by 12 September 2012.
Housing price and investment dynamics in Finland
Posted on: 14 June 2012
By: mackene
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Filed under: News
This paper from the OECD uses a small econometric model to assess the role of fundamentals in housing price and investment developments in Finland. The paper describes institutional characteristics of the Finnish housing market that bear on house price volatility and supply responsiveness. These relate to the structure of tenures, housing taxation and subsidies, social housing, financing, land-use planning, and competition in the construction industry.
International Student Property 2012
Posted on: 14 June 2012
By: mackene
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Filed under: News
The 2012 International Student Property report examines the rise of global student mobility and what this means for student property markets. Focusing on Europe, which attracts the greatest number of international students, it names the university cities which offer the best investment opportunities.
Retail Development Investment Framework
Posted on: 14 June 2012
By: mackene
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Filed under: News
The British Council of Shopping Centres and Business in the Community have published the Retail Development Investment Framework. The framework has been produced in response to a lack of guidance for local councils and regeneration bodies in the evaluation of the potential retail-led private investment proposals.
RICS Real Estate Action Law and Practice Conference. London, 13 June 2012
Posted on: 14 June 2012
By: mackene
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Filed under: Events presentations
This conference, in its second year, looks at all the legal aspects of an auction from both perspectives and at the regulations auctioneers and solicitors need to follow in the auction process. Presentations are available online.
Housing options and solutions for young people in 2020
Posted on: 13 June 2012
By: mackene
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The Joseph Rowntree Foundation has published a report which aims to inform the development of housing policy and practice by identifying the key challenges likely to face young people who will be aged 18–30 in 2020. It claims that a ‘three-tier’ system of people racing to find private rented accommodation will be created: those at the top able to pay, the ‘squeezed middle’ and 400,000 at the bottom who could well miss out on finding accommodation altogether.
Understanding the second hand market for shared ownership properties,
Posted on: 12 June 2012
By: mackene
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This report, published by the University of Cambridge for housing association Thames Valley Housing, argues that shared ownership is a long term-tenure for the majority of households involved. Drawing on a survey of housing associations, focus groups with shared owners and interviews with mortgage lenders and other stakeholders, this report examines the functioning of the second-hand market for shared ownership homes in England. The research also examines the practice of ‘staircasing’, whereby a shared owner may purchase additional shares of their home.
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