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I recently wrote about the Government’s decision this month to officially scrap Regional Strategies and their centrally-imposed home building targets – and the problems that this change would initially...
Regional house-building targets have been scrapped
The Communities Secretary Eric Pickles has scrapped Regional Strategies and their centrally-imposed building targets – fulfilling a commitment which the Government made in its Coalition Agreement on...
Off-plan purchasers could be hit by the new 5 per cent stamp duty rate
In last week’s budget, the Chancellor announced a new 5 per cent stamp duty tax rate for house purchases worth more than £1m, which will take effect from 6 April 2011.
This change at first glance...
Residential developers see strength in the housebuilder and new homes market
Housebuilders have reported increased sales and rising house prices for the end of last year, but is this the end of the housing slump or is it wise to be cautious over what will happen in 2010?
The...
Home Information Packs – a basic guide for developers
A Home Information Pack or HIP is defined under section 148(2) of the Housing Act 2004 as “a collection of documents relating to the property or the terms on which it is or may become available for sale.”
The...
Landmark ruling sees developers awarded damages from buyers who reneged on contracts
A court in Bristol has awarded damages of £133,000 to Prestige Homes South West after an investor pulled out of a deal to buy two flats at its Zero 4 development in Plymouth.
The unnamed investor...