

Well, what a difference a year makes! Certainly when it comes to RICS Redbook valuations! Valuations are down almost across the board as valuers have adjusted to the new normal of higher interest rates, lower availability of debt, and a consequent increase in the cost...
It’s the valuations, stupid…

Why marriage value should be abolished
If you own a flat with a short lease, whatever it is worth now it will jump up in value if you ever extend the lease. On paper at least, you should make a profit. If your lease has fewer than 80 years remaining at the point you extend it, you must share half of that...
Why marriage value should be abolished

The Leasehold and Freehold Reform Bill: its time has come…
The Leasehold and Freehold Bill is the most significant reform of the leasehold system for a generation, and many – including me – hope that this assault on all its outrageous income streams are its death knell. Other jurisdictions have versions of...
The Leasehold and Freehold Reform Bill: its time has come…

Banks go rogue!
Like a pillion passenger leaning in the opposite direction to the rider, UK banks’ behaviour has become perverse and dangerous. Banks are engaged in an elaborate risk management exercise that seeks to enhance their profitability, defend their reputation, and conserve...
Banks go rogue!

Macroeconomics is a total mess
The Economic Affairs Committee of the House of Lords has produced its report on the Bank of England. Correctly, it is critical of the Bank, but it could have been much more so. As expected, the Bank is said to suffer from “groupthink” and the Treasury origins of its...
Macroeconomics is a total mess