Local authorities across the UK have to consider a number of crucial topics when managing their areas. Hackney Council have had a busy agenda recently, with some important things up for discussion. We want to have a look at them here because they could have an impact on investors. Then, if you need any services for investment properties in Hackney, you can speak to us.

Finances

The first topic is the council’s financial position. A number of councils in the UK are struggling. In fact, some have been declared bankrupt and others are facing a similar prospect.

Hackney Council is in a tricky situation after overspending by £8.76m on services. There has been an overspend in a number of important areas, including children and education services, adult social care, and climate and housing.

The Council said their position is challenging but not unique. That suggests they are not worried about the future. One thing people should note though is the budget and council tax rates are also up for discussion. There is potential that the latter will rise to help balance the overspend.

Stamford Hill

If you are considering investment properties in Hackney, you may be considering Stamford Hill. It has plenty to offer, such as a massive Jewish community, good schools, and plenty of local businesses.

It could also be a good idea to consider the area because the council is looking at creating a new Action Plan for it. This will help to devise planning policies and development plans. It could improve housing, acknowledging the need for more family homes. In addition, it will consider ways to improve the public realm, including green infrastructure and making it better for walking and cycling.

Air pollution

Another topic for discussion is how to address the issues caused by people burning solid fuel such as wood and coal. It can have a massive impact on air quality, releasing harmful particles.

The council is looking at a plan to tackle it and reduce emissions. It could result in civil penalties for people who burn solid fuel. However, it won’t just penalise them. The local authority also wants to offer support and financial assistance so people can upgrade from appliances that burn wood and coal.

Dog control

Finally, the council could approve a Public Spaces Protection Order (PSPO). It focuses specifically on dog control, including dogs on leads, exclusions, and fouling. There has been a public consultation already to get an idea of what the public think.

If approved, the PSPO will mean big changes for dog owners. It would become a criminal offence not to pick up after a dog anywhere in there borough. There would be £100 fixed penalty notices or prosecution for offences such as failing to keep a dog under control. Dogs would have to be on a lead in most general public areas. A single person would also be limited to 6 dogs.

Do you want any help with investment properties in Hackney?

Finefair Ltd appreciates that London has some excellent areas for investing. Hackney is a very popular one that has had one of the most impressive transformations in the last few decades. If you have assets or are looking to find some, we can help. Our services are flexible and can suit any needs.

So, speak to us to find a solution for investment properties in Hackney or other parts of London. We offer the best guaranteed rent service and much more.