Introduction to Valuation by David Richmond (auth.)

By David Richmond (auth.)

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They may also provide community facilities. Central area shops. Shops on prime sites in towns and cities and those incorporated in new urban developments are very much in demand by prospective tenants and this is reflected in their rental value. Because of the location secure tenants, such as established multiple-store companies, will often compete for the occupation of these sites. The amount of trading may be influenced considerably by the amount of car parking facilities for shoppers. Suburban shops.

The local planning authority, after carrying out a survey of its administrative area, prepares a structure plan, which is constantly revised. This plan formulates the local planning authority's policy and general proposals in respect of the development and other use of land in its area. It will include measures for the improvement of the physical environment and management of traffic. The plan should also state the relationship of those proposals to general proposals for the development and other use of land in neighbouring areas, which may be expected to affect that area.

Dwelling houses. Over 50 per cent of the housing stock in the United Kingdom is owner-occupied. New houses built in the private sector are seldom made available for renting because there is little incentive for private developers to build and lease. Hence local authorities are given wide powers to acquire land and provide schemes of rented accommodation. Dwelling houses that are let are subjected to considerable legislation relating to security of tenure and rent control. In many instances, landlords are restricted as to the amount of rent they can charge to their property.

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