Building Surveys

Is it only a week ago that we voted to leave the EU?
So much has happened over the past seven days – and now it appears that we may be in line for another interest rate cut.
Rates have been at their historic low of 0.5% since the recession and now the Governor of the Bank of England Mark Carney has signalled that we may see further reduction.
When and by how much is open to conjecture but many analysts expect an initial cut by one quarter of one per cent to 0.25% this summer. Potentially this could be followed by a further cut to 0% later in the year.

New figures have shown a drop in unemployment in Portsmouth, Havant, Fareham and Gosport.
The latest Labour Market statistics from the Office for National Statistics (ONS) placed the number of people claiming JobSeeker’s Allowance in Portsmouth at 1,945 – down by 455 from 2,060.
In Gosport, this number fell to 535 from 565 last month, in Havant it fell to 990 from 1,070 last month and in Fareham the figure dropped to 420 from 455.
Nationally, unemployment rates across the UK fell to their lowest in over a decade – to 5%. There are nearly 31.6m people in work.

The second of our new series of Surveying the Scene columns has appeared in the Portsmouth News today.
It is the latest view from our director Ian Lee about life as a surveyor, including expert advice and useful tips for property owners.
As a leading firm in the Portsmouth, London and the south we pride ourselves on our professional advice and personal service; and Ian’s column is just one way of sharing our expertise.

Read the latest 'Surveying the Scene' below from our director Ian Lee

Planning consent? What planning consent?

The property market has come under the spotlight again, with the Government's latest interventions included in the Queen’s Speech.
The Neighbourhood Planning and Infrastructure Bill was among the measures included by the Government in its proposed legislation announced by Her Majesty at Parliament.
Potential changes include planning reform and legislation to give communities greater power over their own areas to help meet planning need.

New Government proposals are set to give homeowners the power to change their mortgage supplier within a week.
The move – announced in the Queen’s Speech – would be as quick and easy as switching a bank account, according to Whitehall.
Now the Government has launched a consultation to gauge the views of the public and business to see what they think.
Under the proposals in the Digital Economy Bill, the aim is to give consumers more power and make sure they get the best deals.

A story about our Consultant Ken Veness has hit the headlines in the Portsmouth News today.
It tells how Ken was recently honoured with Lifetime Membership of the Portsmouth Property Association (PPA) in recognition of his dedication and long service.
Ken is widely respected in the industry. As well as being a former Chairman of the PPA, he is also a Fellow of the Royal Institution of Chartered Surveyors (FRICS).
Our Managing Director Bill McAndrew, Director Ian Lee and Chartered Surveyor Alf Wimshurst also all hold the prestigious RICS Fellowship status.

The property market has hit the headlines again with controversial Government plans to extend Right to Buy to housing association tenants.
It is proposing to allow housing association tenants to buy their own homes, with discounts similar to those currently enjoyed by council tenants.
However, MPs from the Public Accounts Committee (PAC) have questioned how the Government’s new policy will be funded and whether adequate replacement homes will be built.

As a registered company with the Royal Institution of Chartered Surveyors (RICS), we’ve been asked to join in a new consultation about business rates.
Business rates have been one of the most contentious issues for SMEs – particularly retailers – for many years now. Of course, the issue of business rates has many knock-on effects for the wider property market and economy; not least on the health of the high street.
In its March Budget the Government announced the release of its long awaited review into the tax – and invited comments.

Latest figures from the Royal Chartered Institution of Chartered Surveyors (RICS) indicate an annual 4% rise in house prices in England and Wales.
RICS says it expects the increase whatever the results of the EU referendum and elections in Scotland, Wales and Northern Ireland.
It said that the property market had cooled somewhat after a buy to let rush to beat the April 1 deadline for new Stamp Duty surcharges.


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