Perspectives on the role of UK planning in land and property markets

There is a popular view that land use planning regulations (‘planning’) is hostile to both development and the development industry. Part of the reason for the prominence of this view is the homogenising of the notion of ‘planning’ and its reduction to development control. This paper argues that panning controls in the UK are far more sophisticated and, drawing upon empirical evidence of key property interests proposes a more complex and nuanced view of planning controls that, in large part, has the support of the developers and others

The Changing Effects on Domestic Energy Expenditure from Housing Characteristics and the Recent Rapid Energy Price Movements

The report looks at how dwelling types and lifestyle can affect energy expenditure reveals that those renting in the private sector pay on average £31 more every year than homeowners and £90 more than tenants living in social housing. Those who own their own property are more likely to effectively insulate and modernise heating facilities than private landlords, and consequentially see a direct impact on their energy use and spend. However, a lack of incentives for private landlords to insulate their rental properties and update heating equipment is thought to result in higher bills for their tenants

The impact of green premium on the development of green-labelled offices in the U.K.

The perceived wisdom in many studies is that the establishment of a premium value is an essential prerequisite for the promotion of green buildings. This green premium is then a driver of the development of new green buildings, as well as an agent of the green transformation of the existing non-labeled properties. In this study, green premium is assessed as a potential driver of labeled office property development. Thirty-two commercial real estate professionals, working for organizations that are involved in the development, sale, letting or management of green offices, were interviewed across four cities in the United Kingdom: London, Manchester, Birmingham, and Edinburgh. The results reveal that after 15 years of an active development of green offices, the existence of a green rent premium remains elusive. Similarly, no evidence was found of a willingness to pay more to occupy greenlabeled offices. The results suggest that a green premium cannot be simply seen in terms of a headline rent but more widely by reference to future income streams. Consequently, we propose a ‘‘green letting premium’’ as the primary motivation for the development of green offices. Our study contributes significantly to how green premium is defined, understood, and valued globally

The impact of green premium on the development of green-labelled offices in the U.K.

The perceived wisdom in many studies is that the establishment of a premium value is an essential prerequisite for the promotion of green buildings. This green premium is then a driver of the development of new green buildings, as well as an agent of the green transformation of the existing non-labeled properties. In this study, green premium is assessed as a potential driver of labeled office property development. Thirty-two commercial real estate professionals, working for organizations that are involved in the development, sale, letting or management of green offices, were interviewed across four cities in the United Kingdom: London, Manchester, Birmingham, and Edinburgh. The results reveal that after 15 years of an active development of green offices, the existence of a green rent premium remains elusive. Similarly, no evidence was found of a willingness to pay more to occupy greenlabeled offices. The results suggest that a green premium cannot be simply seen in terms of a headline rent but more widely by reference to future income streams. Consequently, we propose a ‘‘green letting premium’’ as the primary motivation for the development of green offices. Our study contributes significantly to how green premium is defined, understood, and valued globally

Perspectives on the Role of UK Planning in Land and Property Markets 1

Abstract There is a popular view that land use planning regulations ('planning') is hostile to both development and the development industry. Part of the reason for the prominence of this view is the homogenising of the notion of 'planning' and its reduction to development control. This paper argues that panning controls in the UK are far more sophisticated and, drawing upon empirical evidence of key property interests proposes a more complex and nuanced view of planning controls that, in large part, has the support of the developers and others. 1 This paper is based on a research funded by the UK Office of the Deputy Prime Minister. Our thanks to David Adams, Steve Tiesdell and Michael White for their comments and input, the respondents to the questionnaire and those who came to the focus group

Rien que des seuils : réflexion sur l'esthétique de l'interstice dans les oeuvres de Gabriel JOSIPOVICI

International audienc

Sales comparison approach indicating heterogeneity of particular type of real estate and corresponding valuation accuracy

The article focuses on heterogeneity of goods, namely real estate and consequently deals with market valuation accuracy. The heterogeneity of real estate property is, in particular, that every unit is unique in terms of its construction, condition, financing and mainly location and thus assessing the value must necessarily be difficult. This research also indicates the rate of efficiency of markets across the types based on their level of variability. The research is based on two databases consisting of various types of real estate with specific market parameters. These parameters determine the differences across the types and reveal heterogeneity. The first database has been set on valuations by sales comparison approach and the second one on data of real properties offered on the market. The methodology is based on univariate and multivariate statistics of key variables of those databases. The multivariate analysis is performed by Hotelling T2 control chart and statistics with appropriate numerical characteristics. The results of both databases were joint by weights with regard to the dependence criterion of the variables. The final results indicate potential valuation accuracy across the types. The main contribution of the research is that the evaluation was not only derived from the price deviation or distribution, but it also draws from causes of real property heterogeneity as a whole.O

Intangible assets reporting: The case of chemical and pharmaceutical industry in the Czech Republic

The cost structure of business entities has been changing in the span of time. Costs associated with intangible assets such as software, patents, licenses, copyrights and goodwill became an important item of costs in the recent days. The paper is focused on the evaluation of the share of intangible assets in total assets and the costs associated with intangible assets in business companies operating in the chemical and pharmaceutical industry in the Czech Republic. The analyzed sample of companies represents two groups of business entities: entities preparing financial statements in accordance with IFRS and the entities preparing financial statement according to the Czech Accounting legislation (CAL). The sample covers period after the mandatory implementation of IFRS for listed companies-starting in 2005 and ending in 2015. The aim of this paper is to evaluate the impact of intangible assets reporting methodology using criteria as the share of this category in assets of companies, its structure and its changes over time and to identify possible reasons for this situation. The analysis revealed that there is an increasing tendency in volume of IAs in companies listed in Prague Stock Exchange.O

Improved parameterization of marine ice dynamics and flow instabilities for simulation of the Austfonna ice cap using a large-scale ice sheet model Title,Eos Trans.

The Austfonna ice cap covers an area of 8120 km2 and is by far the largest glacier on Svalbard. Almost 30% of the entire area is grounded below sea-level, while the figure is as large as 57% for the known surge-type basins in particular. Marine ice dynamics, as well as flow instabilities presumably control flow regime, form and evolution of Austfonna. These issues are our focus in numerical simulations of the ice cap. We employ the thermodynamic, large-scale ice sheet model SICOPOLIS (http://sicopolis.greveweb.net/) which is based on the shallow-ice approximation. We present improved parameterizations of (a) the marine extent and calving and (b) processes that may initiate flow instabilities such as switches from cold to temperate basal conditions, surface steepening and hence, increases in driving stress, enhanced sliding or deformation of unconsolidated marine sediments and diminishing ice thicknesses towards flotation thickness. Space-borne interferometric snapshots of Austfonna revealed a velocity structure of a slow moving polar ice cap (menos que 10m/a) interrupted by distinct fast flow units with velocities in excess of 100m/a. However, observations of flow variability are scarce. In spring 2008, we established a series of stakes along the centrelines of two fast-flowing units. Repeated DGPS and continuous GPS measurements of the stake positions give insight in the temporal flow variability of these units and provide constrains to the modeled surface velocity field. Austfonna¿s thermal structure is described as polythermal. However, direct measurements of the temperature distribution is available only from one single borehole at the summit area. The vertical temperature profile shows that the bulk of the 567m thick ice column is cold, only underlain by a thin temperate basal layer of approximately 20m. To acquire a spatially extended picture of the thermal structure (and bed topography), we used low-frequency (20 MHz) GPR profiling across the ice cap and the particular flow units. The measurements indicate that the gross volume of Austfonna is cold. This observation is supported by model results which suggest that regional fast flow occurs despite the lack of considerable temperate-ice volumes. This in turn indicates that fast flow is accomplished exclusively by basal motion in regions where the glacier base is at pressure-melting conditions, and not by enhanced deformation of considerable volumes of temperate ice