In most standard definitions, mutuality means “Having the same relationship, each to the other”. Mutual “members” are identical in that they know from the outset that any perceived risk and reward is shared equally between all members, irrespective of size of business or bank balance. Crucially, however, members of a mutual know that they contribute equally and fairly to the financial overheads in return for an equal and fair share of any possible benefits. A mutual relies on a sound business model and the common purpose of its membership and does not restrict the activities of its members.
2013 was a record year for distribution warehouse investment with approximately £2.5 billion transacted, which is an increase of nearly 50% on 2012, according to research from Savills.
The international real estate advisor notes that this rise was driven by a continued growth in demand for the sector from an increasingly diverse investor group from the UK and overseas.
London skyline's £1.5bn addition remains all but empty year on from opening, with flats designed to pull in super-rich unsold
Latest figures from Solicitor Property Centres Scotland show a 36% rise on house sales in the final quarter of 2013 compared with the previous year.
The average house price between October and December 2013 also rose to £179,223 - an increase of 4.8%.
As energy prices increase, a growing number of people are choosing to steal their gas and electricity.
For some it comes down to being cash-strapped, but others are prepared to cheat the system whilst also endangering the lives of neighbours.
With government keen to promote economic recovery through support for the housing market and amendments to planning policies, landowners may be able to benefit from planning permission for housing. Peter Moore explains some of the key issues for landowners
Ministers are encouraging developers and housing associations in England to bid for cash from a new £3.3bn fund which they say will create 165,000 affordable homes.
Prime Minister David Cameron has moved to allay fears that the government’s flagship Help to Buy scheme is risking a potential ‘housing bubble’ in the market, branding the scheme as a ‘complete success’.
Mr Cameron praised the impact the scheme has had in such a short space of time, and highlighted that over 700 houses had been purchased and another 6,000 were experiencing some form of market interest since it began earlier last year.
The average price of English farmland rose by 11% to a record £6,882/acre in 2013, according to the latest results from the Knight Frank Farmland Index.
During the same period, gold – an asset class farmland is often compared to – lost almost 30% of its value. Land almost kept pace with the 14% annual hike in the resurgent FTSE 100.
Bank of England governor says rising market not a threat as surveyors' group predicts rises could become unsustainable
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