Overview

Nabarro gives a detailed overview of some of the main legal and regulatory proposals affecting the UK property investment community, providing details of timings and how the various issues impact the real estate and real estate funds industry:

• Bribery Act 2010: Joint venture partners and investors will be seeking reassurance about their joint ventures. Businesses and organisations operating in the UK are concerned that the Act will mean that their operations will become overly restrictive compared with other equivalent regimes.

• Localism Bill: The Bill devolves a huge range of new powers and freedoms, overhauls the planning system and gives communities greater control over local housing developments.

• Basel III: As most banks are now down-sizing their property loan books, the additional pressure imposed by Basel III is likely to exacerbate the shrinking of available debt for the property sector. On the positive side, this situation could encourage new entrants to the loan market.

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