Putting the right building blocks in place
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.
They have warned that Right to Buy could increase overcrowding for those in housing need. Although Portsmouth has many council houses, the city does not exist in a vacuum and any changes to the structure of the property market will inevitably have a wider impact.
The scheme for housing associations is already being piloted in five areas and it will be interesting to see how it plays out.
Whatever happens, there will still be a need for more homes – and more housebuilding – to meet demand.
The property market remains strong but more supply is needed. We’ve noticed the fierce competition for properties when clients approach us for surveys.
Often, the turnaround time for a report is a greater priority than cost – although we aim to deliver on both of these fronts!
We also have a qualified structural engineer inhouse, which can also speed up the process if his expertise is required.
Talented staff in our architectural design department are also on hand for those who prefer to ‘improve rather than move’.
With the bank holiday upon us many people will be househunting or planning those DIY or home projects.
We can help whatever you have in mind. You can browse this website to find out more about our wide range of expert services or contact us on 02392 697193 when we’re back in the office on Tuesday.
You can also email us on [email protected], like us on Facebook, connect with us on LinkedIn and follow us on Twitter under @McAndrewMartin.
Have a great bank holiday, whatever you are up to.
The property market has hit the headlines again with controversial Government plans to extend Right to Buy to housing association…