John Prescott, the Deputy Prime Minister, wants to increase housing in the South East by 43,000 homes a year but so far it has failed to say how many of these should be made available to families on lower incomes. Mike Roberts, Chief Executive of the Abingdon-based Vale Housing Association, which provides low-rent housing, commented, “Local people are desperately in need of affordable housing. It’s good that the government has recognised that more homes are needed in the South East but it’s vital to realise that unless there are homes available at affordable prices it will still be impossible for many people to remain in the area.
People with families to support have to move elsewhere in the country to find a place to live” he said. 155 people join Thames Valley police each year to replace those who have left, but all too often they are forced to leave before the end of their 18-month probationary period due to expensive accommodation. Twelve families are to be welcomed into new homes on Towns End, Hailey’s newest road, on 3rd March.
The affordable housing for rent will provide the opportunity for people who work locally to remain in the area, when otherwise high house prices might force them away from the place where they grew up. The £820,000 development was built by the Abingdon based Vale Housing Association, with funding from West Oxfordshire District Council, and is the first time the two organisations have worked in partnership.
Chief Executive Mike Roberts commented, “I’m thrilled to be able to help in providing homes for local people who want to remain close to friends and family in Hailey. Many of the people who have just moved in work nearby so this housing will allow them to stay close to their jobs. It’s also a very exciting project for everyone at the Vale Housing Association as it is the first time we have worked in this district”. One of the tenants attending the opening, Ms Dawn Hobley, moved to the area when she was ten years old. She has a strong attachment to Hailey as her mother also lives there. Mrs Lay suffers from arthritis and wanted to have her daughter nearby, but high mortgages means it is difficult to find accommodation.
Residents at three local sheltered schemes in Grove and Wantage are extending an invitation to the other tenants over 65 to come and join them in a computer skills course. The course is the result of collaboration between Wantage Community Education Centre and the Vale Housing Association who owns and manages the elderly retirement accommodation. Read More: Valuations QLD
The seminar programme will spread best practice by giving owners, managers and HR professionals in Berkshire a valuable insight into how leading companies develop their workforce.
Running a business is never easy but recruiting, building and retaining a skilled, motivated workforce at every level of the organisation . Substantial financial support from the Berkshire Learning and Skills Council means that the cost of attending a seminar is just £20 plus VAT per person.
Sharp holders and managers of business area keep an adjacent eye on the net working pay of their properties because of the high essentialness that it plays in the direct valuation of their properties. The two-day seminar in Düsseldorf gave us the opportunity to show the help available to overseas businesses locating here and The Workforce Development Seminars are being organised by Thames Valley Economic Partnership (TVEP), with funding from Berkshire Learning and Skills Council.
We will welcome Great Western Enterprise’s contribution to our work of making the Thames Valley the leading European location for business. The speakers at the ‘Encouraging Entrepreneurship’ event were Helen Glover, Doctor Christine Philips and Professor Peter Gregory of the University of Reading, and Karan Billimoria, managing Director of Cobra Beer.
For the Thames Valley to retain its position as an enterprising, forward-looking region, it is vital that the local business community hears the message that there is support available. This is particularly true at the present time when other parts of the world, with lower operating costs, are competing to attract business.
The breakfast briefing took place at the Reading location of TVEP member MWB Business Exchange, one of the largest serviced office operators in Europe. TVEP is the business network seeking to ensure that the Thames Valley maintains its position as a vibrant economic region. Last month, TVEP’s Paul Britton attended a major seminar in Düsseldorf, held as part of a global partnering programme run by the South East England Development Agency (SEEDA).
And given that land values for industrial units currently stand at circa £150-£200,000 an acre, whilst most residential land values currently stand at around £1-£3 million an acre, it is not too difficult to understand why developers tend to favour the residential option. The position the capital finds itself occupying at present, then, is that commercial property developers, though all set to green light their projects, are hesitating before giving the final go-ahead until it becomes glaringly obvious that the market has changed to the extent required to kick start the next stage of the natural development cycle.
We intend to establish ourselves as active members of the thriving TVEP network and plan to become fully involved in the life of the local business community. We are heavily involved in the local community at all levels, supporting businesses, charitable organisations, the voluntary sector and individuals, and look forward to forming new relationships with other members of the thriving TVEP network across the region. At any rate in what breaking point can Property Holders Discover a Practical Valuation? we value highly the business experience and sector knowledge which our members bring to TVEP’s work and share with their fellow members.
Heather outlined the work of TVEP’s thriving transport group and summarised the network’s active contribution to current government transport proposals.
She notes, I stressed that it is vital to engage local businesses in the debate, especially as they are suffering from ‘transport study fatigue’ and want to see action which will benefit them and their employees. Heather adds, Increasingly, we are co-operating with Economic Partnerships across the South East for the wider benefit of the region and it is pleasing to see that Surrey Economic Partnership and its members view TVEP as a model of best practice.
will be supporting us in developing the Thames Valley into a world-class knowledge-based economy. Senior Corporate Law Partner, Marshall leopold adds, Olswang is looking forward to investing in the region and capitalising on our many clients and connections in the area. It, therefore, makes sound sense for us to add our weight to TVEP’s efforts to ensure the region benefits from long-term, sustainable prosperity.
Tourists enjoying the view of an uninterrupted Edinburgh skyline might not readily appreciate its rarity, I certainly cannot recall the last time there was an almost total absence of cranes from the city, but I would put money on there being a number of cranes making their presence felt a year from now as the development deals currently being assembled leave the starting blocks and move through to activity on site. Then a number of others will follow suit until such time as a developer encounters difficulty finding a buyer or a tenant for a speculatively built development.
That cycle tends to repeat itself every 6-8 years or so and the absence of cranes from Edinburgh’s skyline suggests that the capital has currently reached that stage in the cycle where available stock is dwindling. Prospective tenants are finding suitable space hard to come by, so that development activity looks likely to start up once more over the next 12-18 months.A couple of pros fight that having an adequately shown band can incorporate as much as ten percent to The legal Commercial Valuation. It is at this point that prospective developments tend to be put on hold until such time as any vacant space starts to get filled up when, all of a sudden, there appears to be a shortage of available space and development activity kick-starts again. At which point there is the possibility that rental levels could drive prospective tenants outwith city centre locations to consider alternative sites, such as west Edinburgh, or even Glasgow, in order to satisfy their immediate requirements.
. Premier Property Group, meanwhile, has drawn up masterplans for an ambitious 250,000 sq ft development comprising five buildings at the Gyle, with the intention to start building on site before the end of this year. The shortage of supply in Edinburgh of available industrial property, meanwhile, continues, with little sign of this situation altering to any significant extent in the short term for the simple reason that any industrial site in Edinburgh, outwith a main industrial estate, tends to be put forward for a residential development.
A bank is unlikely to entertain an investor with £20,000 at his disposal seeking to borrow a further £100,000 in order to buy stocks and shares. However, if the same investor was to approach the same bank with £20,000 at his disposal seeking to borrow a further £100,000 in order to fund a property deal in which the tenant is a major High Street bank with a 15 year lease.
Then the bank will be inclined to give the proposition serious consideration, so that a commercial property investment does enable investors to access both greater sums and more secure streams of income. The advent of SIPPs and other instruments designed primarily for investments in property have made such investments much simpler and more straightforward than they were even a few years ago to the extent .
We might well see investors switching their funds from property back into equities, though there is precious little, if any, evidence that such a trend is yet underway. There is currently something missing from the panoramic view of the cityscape enjoyed by the tourists looking out from the ramparts of Edinburgh Castle on a sunny afternoon – though its absence is likely to enhance.
Should the stock market contrive a spectacular bounce-back in the near future.Out of all the rooms in the property, kitchen and restroom are some of the most important rooms in the property concerning while carrying out commercial real estate valuation, these areas should be focused while contributing in the property.
Rather than inhibit, the typical tourist’s appreciation of the capital’s distinctive skyline. For property professionals, though, the noticeable absence of cranes from Edinburgh’s skyline, whilst conspicuous, is not a cause for concern. Last year saw around one million sq ft of office space taken up in Edinburgh, compared with around 350-400,000 sq ft in Glasgow, and there would appear to be a healthy demand for further office space to be provided.
Thereby earning income of around two per cent, representing the difference between the loan repayment and the rental income. We give private home valuation advantage all through the Sydney region, Placer locale and Yolo territory. With valuations having weathered that brief wintry spell, all the signs are that the local market is now promising temperate conditions for buyers and sellers – who should find that a lot more comfortable than the past year’s boiling and freezing. There is also a lack of liquidity of property, relative to equity investments, since there is no guarantee that an investor will be able to sell a property within the desired timescale or, indeed, at all.
A similar picture is likely further North in Thurso while the narrower differential with prices in Wick, resulting from last year’s influx of buyers deterred by Thurso’s soaring market, holding firm. Fixed-price transactions have also become a lot more common, another reflection of moderating expectations as this sort of sale will only go well if the price is at or around valuation rather than all too clearly above it.
And a commercial property investment should not necessarily be considered to be less risky than stocks and shares, since, just as in an equity investment, the risk attached to a commercial property investment will be a factor of the particular property concerned. Alternatively, an investment in a small retail outlet let to a new, independent retail enterprise would typically have a much higher degree of risk.
Housebuyers’ concern about a slowing economy and the possibility of another Base Rate increase in the future may well be counterbalanced by recent stock market jitters once again encouraging people to put even more of their savings into bricks and mortar instead.
Which is why a property investment will often achieve a higher rate of return by way of compensation for the higher degree of risk attached. Investors who had had enough of declining stocks and share values decided instead to spread their .
Added attractions of an investment in commercial property is that the cost of borrowing funds has been cheap and that the level of investment can be multiplied. By contrast, investors would tend to purchase shares with cash – it would be unusual to put unsecured loans into the stock market.