RESIDENTIAL MARKET REPORT – AUGUST 2020 - NEXA Properties
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RESIDENTIAL MARKET REPORT – AUGUST 2020

Welcome to August’s market report, where we cover the following topics.

To read the full report, please visit;

https://www.flipsnack.com/NEXAP/market-report-august-bristol/full-view.html

BRISTOL OAP HOMEOWNERS TO FACE CORONAVIRUS TAX BILL?

The Government is on track to borrow £400bn because of Coronavirus and that needs to be paid back at some stage. Last year alone, before Coronavirus, the Government brought in £824 billion in taxes whilst they spent £887 billion, meaning they had to borrow £63 billion. In fact, the last time taxes were higher than spending in the UK was 1998, meaning since then the country has been living beyond its means.

NIMBYISM IN BRISTOL IS DEAD – LONG LIVE THE PLANNING PERMISSION RULE CHANGES

The 1st July 1948 heralded a new dawn in how property was built, as the Town & Country Planning Act 1947 came into force, meaning no property could be built without the say so of the local authority. Now, Boris Johnson has announced a substantial change to that, by in effect, ending planning permission.

Contact us today to find out more.

 

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