Rising Commercial Property Prices

commercial property

Following the collapse of the financial services sector in 2007, office blocks across the land became empty as businesses closed. Simultaneously the demand for homes became a major agenda item for the Conservative Party. Changes to Permitted Development Rights (PDR) were considered necessary to deal with unused office space and assist with providing residential opportunities … Read more

How Amazon, China and the HMRC are erasing the British High Street

Is there such thing as a level playing field in business anymore? The announcement in June that Amazon has increased its turnover and global profitability, but reduced the tiny amount in tax previously paid to the UK’s HMRC annually still further, comes as no surprise. This international behemoth does not believe in contributing to the … Read more

Negative Steps in the UK Housing Market

biz4Biz Co-Founder & Chairman Adrian Hawkins gives us his thoughts on the UK housing market, and why we need new settlements in the style of Hertfordshire towns like Stevenage.

Responding to a direct question raised by local MP Bim Afolami in Parliament, Alok Sharma MP and DCLG Minister stated, “The Homes and Community Agency will expand to become Homes England… (with) a clear remit to facilitate delivery of sufficient new homes… and deliver a sustained improvement in affordability.” The main issue here though is the reference to affordability.

The Government has produced a white paper on the UK housing market which appears to attempt to support the belief that in areas of high average house prices (calculated by dividing the value of the average wage into the value of the average house locally) they will increase the volume of homes built by a set factor to ensure a reduction in local house price value. My concern is that the average house price is linked to the real value of the average person’s wealth, and in many ways underpins the essence of our consumer-driven economy.

Read moreNegative Steps in the UK Housing Market