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The public estate in the United Kingdom is the collection of all government-owned real property assets in the United Kingdom. The Office for National Statistics estimated in 2008 that the public estate has a book value of £380 billion, which is about £6,000 for every UK resident. [2]
Planning use classes are the legal framework which determines what a particular property may be used for by its lawful occupants. In England and Wales, these are contained within the text of Town and Country Planning (Use Classes) Order 1987 (Statutory Instrument 1987 No. 764).
Land law, or the law of "real" property, is the most significant area of property law that is typically compulsory on university courses. Although capital, often held in corporations and trusts, has displaced land as the dominant repository of social wealth, land law still determines the quality and cost of people's home life, where businesses and industry can be run, and where agriculture ...
In the 2021/2022 fiscal year, the Crown Estate's property evaluation was £15.6 billion with a £312.7 million net revenue profit, which is paid into the Consolidated Fund of the UK government. Governance
A similar organisation to the GPA, the Property Services Agency, existed between 1972 and 1993. It was disbanded in favour of government departments taking on responsibility for managing their own property. The GPA was created in shadow form in 2017 and formally established as an executive agency of the Cabinet Office in 2018. [3]
In 2010, over a third of the UK was owned by 1,200 families descended from aristocracy, and 15,354 km 2 was owned by the top three land owners, the Forestry Commission, National Trust and Defence Estates. [2] The Crown Estate held around 1,448 km 2. English land law is the law of real property in England and Wales.
Its members practice across all aspects of property in the UK, including residential and commercial sales and letting, property management, business transfer, auctioneering and land. [ 2 ] Founded in 1962 by estate agent and entrepreneur Raymond Andrews, [ 3 ] the NAEA was established with the goal of upholding good practice and high ...
Savills announced in August 2016 that it had acquired GBR Phoenix Beard, a Midlands-based commercial property consultancy, strengthening its UK real estate services. [7] Expansion continued in July 2017, with the acquisition of Larry Smith Italia, a leading commercial management and leasing business in Italy. [ 8 ]