Welsh Assembly hike new house prices by £5000

Turnbull2000

http://www.adamsmith.org/blog/regulation-and-industry/how-do-you-say-%27paternalism%27-in-welsh%3f/#disqus_thread

Sprinkler systems now compulsory in all new homes. If you take into account interest payments, that £5000 is more like £10,000.

System

This could turn into another one of those "outside loo" threads.

A mandatory sprinkler system for a residential property seems like ridiculous overkill. And I bet when/if they go wrong it's expensive.

1984ReturnsForReal_2

House insurance will rocket


£50k worth of damage for burning a piece of toast

adr0ck

its not actually been brought in yet

still to be voted on in the assembly after the elections in March

planemad

Maybe a good idea in flats and multi inhabited buildings but for a house - I don't think that it adds up.

Loughton_Monkey

Surely it makes sense when buying a second holiday home in North Wales?

Hope they are more reliable then smoke alarms.

I remember many, many years ago, in Commercial Fire Insurance, companies received a big discount on their fire insurance. But flood insurance (Sprinker Leakage) cost them more than the discount.

diable

Loughton_Monkey wrote: »

Surely it makes sense when buying a second holiday home in North Wales?

Hope they are more reliable then smoke alarms.

I remember many, many years ago, in Commercial Fire Insurance, companies received a big discount on their fire insurance. But flood insurance (Sprinker Leakage) cost them more than the discount.

Stops the Welsh burning them down.........

diable

Turnbull2000 wrote: »

http://www.adamsmith.org/blog/regulation-and-industry/how-do-you-say-%27paternalism%27-in-welsh%3f/#disqus_thread

Sprinkler systems now compulsory in all new homes. If you take into account interest payments, that £5000 is more like £10,000.

Also needs to be translated in to Welsh to appease those people that prefer self Government in their own language.

globalds

Which companies fit domestic sprinkler systems ...I can see there share price rising.

diable

globalds wrote: »

Which companies fit domestic sprinkler systems ...I can see there share price rising.

Business plan needs to be formulated both in English and in Welsh, strike when the fire is not, could make a killing like in double glazing, cavity wall insulation and Wales is the new South of France......

ILW

diable wrote: »

Also needs to be translated in to Welsh to appease those people that prefer self Government in their own language.

Both of them.