Best wishes for 2010

Many of us will be glad to put 2009 behind us as the worst property recession in recent history slowly moves into the past.

The coming year offers some reason for optimism with the banking sector slowly coming back to life and the housing market coming off life support.

However, UK government investment in the higher education sector needs further clarification if student accommodation providers are to have some clarity about what the market requires. The coming election should see that position become clearer as the new government lays out its proposals.

Sadly the VAT rate is now back at 17.5% with no indication of any future parity between new-build and refurbishment, making investment in existing property a fifth more expensive than it should be and discouraging enhancement and investment in sustainability measures.

So with a few things to think about we'll extend our best wishes to you for 2010.