Property News - July 2015
Welcome to the PPI Property Investment Newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends and news.
Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings and property management requirements. We look forward to being of service to you!
With housing a central focus of the parties’ manifestos, our research team has updated its assessment of how the UK property market has fared under recent Prime Ministers. The data examined focusses on house price changes and housebuilding figures over the last 60 years.
The impact of the recently promulgated Construction Regulations 2014, on Body Corporate Trustees and Directors, wanting to initiate large refurbishment projects.
It is a settled law that if a landlord unlawfully deprives a tenant of electricity or water supply at a residential property, this constitutes spoliation, or unlawful dispossession. This unlawful dispossession can be protected by bringing an application to a Court for an order that the supply be restored immediately. The action under which this kind of protection is sought in Court, is referred to as the mandament van spolie (“the mandament”).
The International Monetary Fund’s (IMF) latest assessment of global economic conditions, published in the April 2015 World Economic Outlook, showed that real world economic growth was 3,4% in 2014, unchanged from 2012 and 2013.
London, UK – Private Investors accounted for a quarter of all commercial property deals last year, contributing an estimated $153bn of commercial property deals transacted in 2014. Many of these transactions were funded by Ultra High Net Worth Individuals (UHNWIs) - those with $30m in assets or more - through family-owned funds, companies or private offices.