Wetherell Referendum Market Report – “The price of greatness is responsibility”
So said Winston Churchill and this quote has much relevance for the EU Referendum on Thursday 23rd June 2016.
It is not a question of which way you vote but whether you take up your democratic privilege and actually go out and vote – the apathetic party must not be the winner of this important referendum.
THE APATHETIC PARTY
The London Mayoral Election in May had a 45.3% turnout with Sadiq Khan obtaining 56.8% of the vote giving him a mandate to rule London by just over a quarter of the electorate – ironically with 1.3m votes it gave him the largest personal mandate surpassing the previous record set in 2008 by Boris Johnson.
The Scottish Referendum voted against independence in September 2014 with 2m saying NO representing 55.3% of the vote BUT they had a turnout of 84.6% – the highest turnout for an election or referendum in the UK since the introduction of universal suffrage.
1950 saw the highest UK turnout since WW2 for a General Election at 83.9% of the electorate but the 2015 General Election had a turnout of only 66.1% with the Conservatives winning with a majority of 36.9% equating to only a quarter of the electorate.
So whether you feel that you should REMAIN or BREXIT the most important ACTION is that you actually take up your democratic right and VOTE otherwise yet again a mandate for all will be voted in by a minority.
MAYFAIR NEIGHBOURHOOD FORUM
On a similar note I would also urge you ALL to sign up to be a member of the Neighbourhood Forum which gives a voice to everyone in Mayfair who either lives or works in the area.
Under the Localism Act you can have a say in the future of your area and have an influence on where the money is to be spent.
In 2013 London’s tourists spent £36.4bn (out of the UK total of £140bn) with Westminster being one of the tourist centres of London and Mayfair at its heart for its cultural, retail, restaurants and hotels. Mayfair is the No.1 area for those who live, work or visit.
The Localism Act 2011 enshrined the concept of neighbourhood planning which came into effect in April 2012. The Act gives local communities the powers to establish general planning policies for the development and use of the land by way of producing a neighbourhood plan.
A neighbourhood plan can contain policies covering planning issues such as where new homes, shops and offices should be built and what they should look like. It can be detailed or general, depending on what local people want, provided it is in general conformity with the strategic policies contained in the local council’s development plan.
As a result, Mayfair residents and businesses have the opportunity to come together to have say in the way in which planning in the local area is controlled. The Mayfair Neighbourhood Plan will be brought forward by a neighbourhood forum, as there is not a town or parish council which covers the Area.
For example: The proposal to pedestrianise Oxford Street seems to be moving up the mayor’s agenda. I would be interested to know your thoughts on this; will it improve the quality of the local environment? Where should the buses be redirected to? Do you have any better solutions to address the current problems?
The 5,200 Mayfair residents and the 80,000 working population need to sign up and have a say in our 144 streets set in the 285 acres which have matured over 350 years.
Please become a Mayfair Neighbourhood Forum Member NOW: http://www.mayfairlocal.com/join
MAYFAIR PROPERTY MARKET
The pending Referendum along with various property tax changes has had a turnover effect on the prime central London residential market with volume of sales for Mayfair still at 50% of 2014 turnover.
For an active purchaser; the upside however is that the choice of available stock has subsequently increased giving a greater selection and the ability to search at a less frantic pace. However for the rental market the turnover is still as quick as ever but with greater affordability.
It is also encouraging to see that although the quantity of property for sale is up – the under offer percentage is still at 10% with increased activity over £5M.
To see our full stock availability please go to our Wetherell website- www.wetherell.co.uk
OUTCOME OF THE REFERENDUM?
I leave you with a quote from Dale Carnegie (1888-1955) the American writer, lecturer and the developer of famous courses in self-improvement, salesmanship, corporate training, public speaking, and interpersonal skills.
“Remember, today is the tomorrow you worried about yesterday” and I would add – “it never happened”.