Recovery helped by shorter hops

Article Abstract:

Companies moving out of London, England, fell from 36 in 1991 to nine in 1993. Chancellor Norman Lamont taxed relocation expenses in the 1993 budget, although government help would have aided economic recovery. London rents have halved and relocation costs of up to 40,000 pounds sterling per job dissuade companies from moving. Buyers or tenants do not take the old building. The main reasons for relocation are expansion and restructuring. Moving staff into fewer or smaller offices is common but does not show up in statistics.

United Kingdom, Business relocation, Employee relocation, 1993 AD

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Grabbing the chance to sack the landlord

Article Abstract:

A new law in autumn 1992 permits leaseholders to buy the freeholds of their accommodation. Flat owners rather than a landlord would deal with services and repairs as a group. This could cause problems between neighbours. New 125-year leases double the value of properties but adequate service charges must by made to build up reserves and cover tenants who do not wish to buy the freeholds. A Royal Institute of Chartered Surveyors code of conduct on property management establishes obligations of owners.

Laws, regulations and rules, Real estate, Maintenance and repair, Real property, Apartments, Building leases

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If you won't sell, then how can you buy?

Article Abstract:

Statistics show houses are cheaper and incomes higher than in the 1980's so economists predict an upturn in the housing market, but unemployment and fear of redundancy prevent people from moving unless they have to. London is affected more than other regions. Prices are expected to increase in 1993 but interest rates may also be up. The general election result should have helped prices stabilise but house-owners are not selling so the market remains inactive.

Economic aspects, Forecasts and trends, House selling, Home selling, Housing, Unemployment, Housing forecasting

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