Energy Performance Certificates have become one of the many facets of information required before a sale or letting of a property. However, little is known about the exemptions which exist. There are six exemptions in total including, listed buildings and the minimum energy performance requirements would unacceptably alter it, temporary buildings, those used for less…
Homeowners and Landlords will soon be able to benefit from the Green Home Grant Scheme, which is due to open at the end of September. The scheme will aid consumers in obtaining funding for up to two thirds of the cost of the energy saving measured identified – up to £5,000 – in the form…
On the 6th August 2020 the Government released its ‘Planning for the Future’ consultation, it proposes reforms to streamline and modernise the planning process. At the same time in some areas, farmland sold for development has hit the multimillion-pound level per acre. The government had committed to building 300,000 new homes per year by the…
The UK government borrowed a record £127.9 billion between April and June 2020, as tackling the coronavirus pandemic took its toll on public finances. As lockdown continues to ease, the end of the furlough scheme is in sight and workers return to the office, government spending will slow, but what about the huge debt which…
Since H2 2018 the RICS Rural Land Market Survey has not been produced due to it no longer being ‘on a sustainable footing in terms of sample size’ In 2019, the average bare agricultural land in England and Wales was ~£7000 p/ac, about 3% lower than it was 12 months earlier, and 5% down over…
UK House Price Index As from January 2020, the average house price in the UK is £231,185. The average price of a house in Cambridge in £511, 272. Property prices have fallen by 1.1% compared to the previous month, and are up by 1.3% compared with the previous year. Commercial Property Index At the end…
2019 2020 Change Cumulative 2019 2020 Change W/E 20th March (ac.) 355 658 85% 3969 2986 -25% This chart is based on land for sale in Farmers Weekly. This does not include private sales or property advertised in other publications.
Make sure you have done your sums before you proceed with that additional property purchase A nasty shock awaits those who have not fully calculated the full implications of the latest Stamp Duty Land Tax (SDLT) additional rate warns Jim Bryant. Do not forget this additional rate will apply even if you have a share…
Commodity 2020 (£) 1970 (£) Av. Price of UK farmland/ac. c.7000 c.2500 Av. Price of Wheat/tonne 198 c.300 Av. Pay/hr for farm worker 8.74 7.02 Av. Price for Urea/tonne 247 417 Spiking wheat prices in the mid-1970s and early-1950s (reaching a peak of c.£650/t in…
Rural Land Market Survey 2018 RICS H2 2018 – Demand continues its decline while supply holds steady; Rents rise for both arable and pasture farmland The H2 2018 RICS/RAU Rural Land Market Survey shows a continued softening of activity, with Brexit uncertainty likely the key factor. Demand has continued to decrease, while supply has remained…
