Topical Issues

Question 1

Current Base rate?

Answer 1

4.5%

Question 2

Current rate of inflation?

Answer 2

2.8%

Question 3

EPC and MEES news?

Answer 3

Government launched a consultation on reforms in respect of energy performance of buildings

Question 4

Renter’s Rights Bill - 2024

Answer 4

Published in May 2023, progressing through parliament. The bill sets out how it will reform the private rented sector

Question 5

Stamp duty changes for mixed used and non residential properties?

Answer 5

Value up to £150,000 - 0%
Value between £150,000 - £250,000 - 2.5%
Value in excess of £250,000 - 5%

Question 6

Planning reform?

Answer 6

Reintroduction of mandatory housing targets
Introduction of grey belt
Increasing new build homes

Question 7

RICS sustainability report 2024

Answer 7

Key sustainability challenges have remained consistent over time:
1- Perceived high initial costs of sustainable / green buildings
2 - skill shortages
3 Cultural issues, i.e. lack of awareness

Question 8

RICS forthcoming consultations

Answer 8

Code of Measuring Practice UK. 7th Edition

Question 9

Recent RICS news - Justin Sullivan

Question 10

Prime yields

Answer 10

According to Savills Prime yields
- West End Offices: 4%
- Industrial: 5%
- Regional pubs: 6.5%

Question 11

Acting RICS president

Answer 11

Nick Maclean