Developers need a nudge in the right direction
Language: English Series: Estates Gazette ; (0742) 20 October 2007, 292(1)Publication details: 2007Subject(s): Summary: Considers why the market has failed to embrace commonhold developments, despite government extolling its virtues and stating that commonhold would become standard for new-build developments consisting of interdependent units and common parts. Suggests the slow take-up of commonhold is due to a lack of interest in the marketplace, with purchasers, sellers and housebuilders reluctant to stray from leasehold and freehold. Concludes that commonhold will only take off if government markets it as a superior ownership vehicle, makes the legislation more transparent, and requires new public sector housing to be commonhold.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L140968 (Browse shelf(Opens below)) | 1 | Available | 140968-1001 |
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Considers why the market has failed to embrace commonhold developments, despite government extolling its virtues and stating that commonhold would become standard for new-build developments consisting of interdependent units and common parts. Suggests the slow take-up of commonhold is due to a lack of interest in the marketplace, with purchasers, sellers and housebuilders reluctant to stray from leasehold and freehold. Concludes that commonhold will only take off if government markets it as a superior ownership vehicle, makes the legislation more transparent, and requires new public sector housing to be commonhold.