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INDUSTRYNEWS


DECLINE IN NEW HOME REGISTRATIONS IN Q2


New figures for Q2 2012 released by NHBC have revealed that new home registrations in the UK decreased by 24%, compared to the same period last year.


Following a contraction seen during Q1, public sector registrations declined 49% in Q2 2012 compared to the same period in 2011, bringing overall registration totals down across all new homes for the quarter.


Private sector registrations fell by 10%, with monthly figures for June 2012 failing to match last June’s exceptionally buoyant figures. While April and May 2012 registrations were actually marginally higher when compared to the same months in 2011.


Commenting on the latest figures, Richard


Tamayo, NHBC Commercial Director said: “As the year progresses we must hope to see a rebound in social housing numbers as providers adapt to new methods of funding.


“Hopefully the decline in private


registrations witnessed in June will, in hindsight, prove to be a statistical blip in what will otherwise be a period of sustained, if modest, private sector volume growth throughout the year.”


LATEST AMA HOUSING BULLETIN NOW AVAILABLE


Te 10th issue of the “Housebuilding and RMI Forecasts Bulletin Great Britain” is now available providing a quarterly review of the domestic construction sector including new housebuild and RMI.


Te bulletin contains the very latest statistics and information on housebuilding, together with medium and longer term forecasts. Te information covers Great Britain and includes regional statistics and forecasts for England, Wales and Scotland. Also included are data and forecasts for the English regions.


“Housebuilding Overall value and volume trends in the domestic construction sector in Great Britain” is available to view, alongside a summary of the bulletin at: http://www. amaresearch.co.uk/housebuilding_ forecasts_ed10c.html


LANDLORDS ADDING TO PROPERTY PORTFOLIOS


A surge in house-buying activity by landlords is reported in a recent survey.


Independent research commissioned


by specialist buy-to-let lender Paragon Mortgages has revealed that in the first quarter of this year, landlords increased their portfolio size from an average of nine to 10.8 properties. Independently, auctioneers are reporting increasing numbers of buy-to-let purchasers in sales rooms.


Te report, produced by independent


researchers BDRC Continental, also shows that 20% expect to purchase more property over the next 12 months, and that the average rental property houses 1.3 tenants.


Terrace houses continued to be the most popular property choice for investment (64%), followed by flats and semi-detached houses.


Tenant profiles remained largely unchanged in Q1 with young singles still the most prolific tenant type, followed by young couples and families with children. Attitudes around being a landlord remained positive and 89% of those surveyed said that they are satisfied with their current tenancies.


www.rla.org.uk


EU DIRECTIVE ‘COULD SCUPPER GREEN DEAL’ WARNS BMF


A European Directive that wants to end the reduced 5% VAT rate on energy-saving products could scupper the Green Deal, warns the Builders’ Merchants Federation (BMF).


‘the 5% VAT rate for the supply and installation of energy- saving materials is illegal’


Te European Commission has told the UK Government that the 5% VAT rate for the supply and installation of energy- saving materials is illegal and that, if the law is not changed within two months, the Commission may refer the matter to the European Court of Justice.


BMF Policy Manager, Brett Amphlett, said:


“At a time when the BMF has been urging the Coalition Government to extend the 5% VAT rate to all Green Deal projects, the Commission’s move could be disastrous. Any


30 « Clearview NMS « September 2012 « www.clearview-uk.com


increase in the cost of materials will affect the Golden Rule calculation. Te ruling will have major implications for the Green Deal if the Government is forced to increase VAT on insulation, central heating and hot water system controls, heat pumps and solar PV and thermal panels to the 20% standard rate.”


Te BMF has long held the view that it is wrong to apply 5% VAT on energy consumption but 20% VAT for energy conservation. It believes the 5% rate should apply to both.


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