Archive for June, 2010

Property Developers Threatened by Government Cuts

Tuesday, June 15th, 2010

Property developers could be hit hard by the new government’s proposed cuts to the funding for social housing, warned an industry expert this week.

Writing in Property Mentor, market analyst Peter Franklin said that the changes could lead to scores of affordable property construction projects “grinding to a halt” throughout 2010-11.

Proposed changes to the planning system will also make future developments more difficult, Mr Franklin said.

He cited figures published by the National Housing Federation, which said that cuts to social housing funds and other changes were likely to slash the number of affordable homes projects by property developers by a massive 65 per cent – or by a total of 20,390 homes.

With 4.5 million people currently on the list for social housing and another 2.6 million people living in overcrowded conditions, Mr Franklin warned that the situation could rapidly deteriorate unless ministers thought very carefully about their financial decisions.

New Housing Minister Grant Shapps has already addressed the issue, albeit in a gloomy manner, asserting last week that around 150 social housing developments face being scrapped due to the £610 million public debt that he is charged with cutting.

The government now plans to axe £100 million from the National Affordable Housing Programme, which was meant to make possible the construction of 59,000 new properties by the end of the 2010-11 financial year. The cutback will now reduce the number of houses being built by 1,453, warned Mr Franklin, going on to warn that “many property developers who have invested millions into developing sites for new property developments are now facing the prospect of having money promised to them by the government withdrawn.”

The National Housing Federation is seeking a meeting with the minister to discuss the crisis.

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A Taste of Caffeine Can Give Self-Storage a Boost

Friday, June 11th, 2010

The self-storage industry is urging companies to get a dose of Caffeine when it comes to boosting online search results for their business.

This week, search engine giant Google revealed that its new, improved web indexing system – known as Caffeine – has been live for the past few days, with performance levels that are at least 50 per cent more efficient.

Under the old indexing system, Google searches were sometimes plagued by the long delays between websites posting updates and this new information appearing on the search engine’s results. Self-storage firms were among those disadvantaged by this, as it meant that the newest information on their websites or blog entries was not always available to potential customers.

Caffeine will hopefully change all that, thanks to the sheer amount of computer power it’s harnessing. It uses nearly 100 million gigabytes of electronic storage and adds hundreds of thousands of gigabytes worth of information to its database each day.

For self-storage companies, quick access to the latest updates can be very important, because the newest content on these companies’ sites tends to be items such as discount vouchers and special offers, many of which are time limited.

There is no shortage of online interest for self-storage companies, insisted Michael Schulman of StorageClicks.com. During a presentation at Massachusetts Self Storage Association’s Northeast 2010 Trade Show, he revealed that in the US alone there are 823,000 web searches for “self storage” every month.

And a recent article for Inside Self-Storage magazine by online self storage marketplace site SpareFoot.com’s co-founder Chuck Gordon, many self-storage firms obtain nearly half of all their customers through the internet.

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Retrofitting to Create New Opportunities in Construction

Tuesday, June 8th, 2010

Property developers take note – according to the Federation of Master Builders (FMB), retrofitting is due to take off due to the requirements of the government’s environmentally-friendly construction agenda.

The FMB said that many new jobs in construction will be created over the next few years based upon the need to ensure retrofitting of energy efficient and carbon reduction technologies.

It pointed out that the latest figures to be published by the Chartered Institute of Purchasing and Supply reveal that there has been an increase in construction recruitment over the past month. The statistics also indicate that the volume of construction work available is now at its highest level since September 2007.

FMB director of external affairs Brian Berry said that much of this was down to the government’s insistence that existing homes be made more energy efficient, requiring much retrofitting of carbon reduction materials.

The requirement for carbon reduction systems in new homes also means that the technologies required are being sought after by property developers.

The new government is committed to actually encouraging a green agenda and making our existing homes more energy efficient,” Mr Berry said.

“I think we have already seen an upturn there in more entrepreneurial construction companies taking advantage of that. In terms of the retrofitting market and energy efficiency, that is where the job creation will be in the next few years.”

In one example last month, British Gas opened a green skills training centre in south Wales which aims to help advise and train some 1,300 people in readiness for new construction and civil engineering work.

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Men More Likely to Hold on to the Memories

Friday, June 4th, 2010

A new survey by Access Self Storage has indicated that men are more likely to keep treasured items of sentimental value than women.

The firm polled both male and female students – a group most likely to use self-storage units – and asked them which three things they would wish to keep forever. Over two thirds of male respondents (67 per cent) said that they would want to hold on to photos of their friends and family, compared to just under half of all women (49 per cent).

Some 24 per cent of men said that they would also like to keep a special gift forever, compared to only 11 per cent of female respondents.

The ratio was reversed when 36 per cent of women said that they would like to keep a favoured item of clothing, compared to just 9 per cent of men. Of these items, 13 per cent of women opted for a favourite pair of jeans.

When quizzed on their favourite items of technology, 37 per cent of men said that they would like to keep their computer, compared to 23 per cent of women. However, the differences between the sexes narrowed when it came to the crunch. When both men and women were asked to choose between keeping their laptop and mobile phone or all of their furniture, 81 per cent of men and 78 per cent of women chose the technology.

Access Self Storage spokeswoman Jill Martin said: “The end of the summer term is the time of year when many students are moving back home and are considering the things they want to keep but cant easily transport, and those they want to throw away.”

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Property Developers Urged to Use Greener Materials

Wednesday, June 2nd, 2010

A leading supplier of construction materials has warned that certain materials aimed at increasing energy efficiency and carbon reduction are being severely underused by the property developer community.

SIG operations director Vince Lunn urged builders and property developers to start incorporating green technologies as standard practice in their projects.

Mr Lunn gave as an example a copolymer that has been developed by SIG with the intention of being used in buildings with a low thermal mass to prevent the rapid fluctuation of room temperatures.

He explained that “the copolymer sites in the walls and at 22 degrees it melts. When it melts it takes up some latent heat in order to do that, so that actually cools down that building or that room.”

“As the temperature drops and as it reaches 18 degrees, it solidifies and actually gives some of that heat back.”

Although the material is already in use, Mr Lunn stressed that it can potentially be used in many different parts of a building than just the walls. He said that it was down to the construction industry to think outside the box and innovate to ensure that more carbon reduction technology was utilised.

“One of the challenges we face all the time is we work with lots of manufacturers and we bring a lot of products and I challenge the idea that it is becoming more mainstream,” he said, insisting that property developers need to be more “imaginative.”

This looks likely to be an uphill struggle, however. At the start of the week, the Department of Energy and Climate Change announced that it is rejecting any new applicants to the Low Carbon Building Programme due to spending cuts.

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