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
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- Timestamp
- 2023-12-15 21:05:31 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_704992
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