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Proceeding contribution from Lord Marland (Conservative) in the House of Lords on Monday, 24 January 2011. It occurred during Debate on bill and Committee proceeding on Energy Bill [HL].


Energy Bill [HL]

With all due respect, I think that I answered that. I said that it is very unlikely that there will be negative value, but the market makes the judgment if something has gone down in value. If you put a property on the market or to rent, the market determines whether its value has gone down. That is how every price is achieved. I hope that that answers the noble Baroness—she is looking a little bit negative. I cannot imagine that we can set up a system that prescribes that a property is worth this or that amount; the market determines that.


Secondary information

Type
Proceeding contribution
Reference
724 c161GC 
Session
2010-12
Chamber / Committee
House of Lords Grand Committee
Subjects
Costs Conservation Apprentices Enforcement Energy Fuel poverty Landlords Local government Powers Private rented housing Standards Training Repairs and maintenance Tenants Terminology Reviews Tied housing Green deal scheme Statutory instruments
Legislation
Energy Bill (HL) 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk