Philosophy, theory and ethics in property Essay

Philosophy, theory and ethics in property - Essay Example It may be noted that the decline of traditional industries and population drift has left many properties surplus to requirement. Dilapidated and unmanaged empty buildings naturally create an atmosphere in which crime and vandalism can flourish; making the neighbourhoods less popular. Where older buildings have outlived their useful life demolition is the only viable option to provide more promising areas with the green spaces and rooms for parking, which is the modern requirement. Though it is essential to build new homes or business establishments, we must utilise the existing stock and provide opportunity to continue the business and job opportunity to the original occupants. Encouraging a mix of uses is the core of sustainable and vibrant communities as people living in town centres bring custom to shops and other businesses which will prevent the empty space becoming deserted and potentially unsafe at night. In this context private sector can play an important role in constructiv e utilisation of land, property, and resources to deliver better service to the society. When considering a property for development and converting into retail commercial units the potential for conflict of interest between commercial and residential use needs to be considered. Once the property has been identified the developer will need to carry out a basic feasibility study, looking at the likely costs against expected revenue and increase in property value, to determine whether or not the scheme is going to be financially viable. Service of residential agents can provide individual inspections of buildings, feasibility report for viable conversion, and help bring empty properties back into use. An application for listed building consent has to be submitted to the local planning authority before going for changes that affect character of the building and the premises. It is also necessary to adhere to local guidelines on demolition of old buildings, taking prior permission from the authority and stake holders, if any, and approving development plan. There is a growing importance for regional level planning due to growing scale of daily life, particularly in the major urban regions; the increasing need to integrate planning of urban and rural area; and more pluralistic societies. It may be seen that along with population growth there is increasing demand for mobility, accessibility, and redefined quality of place, which necessitate more effective planning aimed at nature preservation, water management, sustainable environment, and cultural heritage. Societal developments are now connected with international developments and a new balance is needed between city and countryside, between nature and landscape, between infrastructure and environment, and regional and international development. An integrated approach to sustainable development will enable efficient, effective, consistent, and coordinated input plans and strategies to address rural issues that incorporate natural, built and historic environment into the strategies and p lans. "The Planning and Compulsory Purchase Act 2004 introduces fundamental changes to the planning system" (van den Berg, 2005). It necessitates spatial structure of vital, but uncontrollable, metropolises to be improved for accommodating multicultural/multiethnic populations, new economic systems, and modern lifestyles. Thus, major actors involved in spatial planning