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Japanese knotweed saves £11.8billion off property values  

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Japanese knotweed is responsible for shaving £11.8billion off the value of Britain’s property market, new research by a removal specialist claims.

As many as 4 per cent of British homes are affected by the invasive plant – either on the property itself or on a neighbouring property.

The invasive plant makes homes significantly more difficult to sell as buyers can struggle to secure a mortgage on a property where it is found.

However, Britain’s biggest mortgage lenders told us that is possible to get a mortgage for a home affected by knotweed, but conditions may be imposed.

Japanese knotweed is an invasive plant that makes a property significantly more difficult to sell as buyers

Japanese knotweed is an invasive plant that makes a property significantly more difficult to sell as buyers

Japanese knotweed on a property reduces its value by an average of 5 per cent, according to the figures from removal specialist Environet.

It used that to estimate that with 890,000 households across the county are being hit by a typical reduction of value of £13,200 due to knotweed, this equated to £11.8billion in total.

The plant can be stopped from spreading – although this process can be costly, at around £2,500 for a 10sq m area for a herbicide treatment or £5,000 for a 10 sq m for an excavation.

Environet claims that removing the root system from the ground is the only way to deal with Japanese knotweed decisively with minimal change of regrowth.

It said that despite the lower costs, herbicide treatment is increasingly recognised as a control method only. 

This is because above-ground growth can disappear, but the root system beneath the ground is often induced into dormancy meaning it’s capable of regrowing in the future – particularly if the ground is disturbed by landscaping or building work. 

Environet says removing the root system from the ground is the only way to deal with Japanese knotweed decisively with minimal change of regrowth

Environet says removing the root system from the ground is the only way to deal with Japanese knotweed decisively with minimal change of regrowth

Nic Seal, of Environet, said: ‘Those buying and selling property are legally required to declare if the property is or has been affected by Japanese knotweed, but if an infestation has been professionally excavated with an insurance-backed guarantee to satisfy mortgage lenders, it is possible to restore the property value to close to the original value.’

He added: ‘Herbicide treatment of knotweed has always been very popular due to the lower costs, but the message is getting through that it’s only a control method and won’t solve the problem definitively.

‘Buyers are much more wary of buying a property which still has knotweed rhizome beneath the ground as there’s no way of knowing whether it’s completely dead. There’s also an environmental cost to using chemicals, which is of growing concern.’

Environet explained that the excavation element can be carried out during the winter months, allowing for full use of gardens during the summer.

What mortgage lenders say about knotweed 

Mortgage broker SPF Private Clients, explained that those buying a property where Japanese knotweed is found may find it less of a deal breaker than in the past where the lender may have automatically declined a mortgage application.

SPF Private Clients’ Mark Harris, said: ‘Should Japanese knotweed be identified, there are four categorisations assessing its severity, with 1 being best-case scenario and 4 being worst-case. 

‘Depending on which silo the property falls into, and whether there is specialist eradication work either ongoing or planned, and insurance in place, lenders may be willing to consider the application.

‘Depending on the severity of the problem, lenders may tailor the amount they are prepared to lend, or not lend at all.’ 

While securing a mortgage on a property with knotweed can remain challenging, lenders confirmed that they are open to providing finance if a management plan is in place. 

A Nationwide Building Society spokesman said: ‘Our policy on Japanese Knotweed depends on how far the plant is from the property. If it is less than seven metres away from the property, we would request a specialist report about eradicating it before deciding whether we could lend. 

‘If the plant is more than seven metres away, we would need written confirmation from the borrower that they want to proceed with their mortgage application despite the presence of the plant. 

‘What may be required is assessed on a case by case basis. Where the valuer identifies the presence of Japanese Knotweed, they may advise that a specialist report is required with respect to eradicating the plant and, where applicable, to report on repairing the property. Any report for eradication of the plant should include an insurance-backed 5 year warranty against re-infestation.’ 

And spokesperson for Halifax explained: ‘The presence of Japanese Knotweed itself is not a barrier to lending. 

‘We will be guided by the surveyor’s, and any subsequent expert’s, report on the scale, location and effects of any presence on or around the property.’  

How were the figures calculated? 

Official figures from the ONS show there at 27.8million households in Britain.

Environet disregarded 20 per cent of households that are flats as these are less likely to be affected by knotweed. 

That produces a figure of 22,420,000 homes in Britain. 

Environet’s survey conducted with YouGov in 2021 revealed that around 4 per cent of homes are affected by knotweed, either directly – meaning that it grows on the property – or indirectly where a neighbouring property is affected. 

It means 889,600 homes are affected in total, according to Environet.

The average value of a property in Britain is £264,244, according to Land Registry’s figures for August. 

Environet claimed that Japanese knotweed reduces the value of a property by 5 per cent on average. This is based on its own anecdotal evidence of what a property is worth once a knotweed management plan is in place (ie the 5 per cent reflects the amount that a buyer might try to reduce an asking price by due to the stigma and risk of the knotweed returning after treatment or removal). 

The 5 per cent reduction translates into £13,212 being knocked off the average home.

As such, the total amount knocked off property values in Britain as a result of Japanese knotweed is therefore 889,600 households multiplied by £13,212, which is £11,753,395,200.

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Irish chief-of-staff meets Russian ambassador to discuss defence issues

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The Russian ambassador to Ireland Yury Filatov and the Chief of Defence Staff Lieut Gen Seán Clancy have met to discuss armed contacts between the two countries.

The meeting took place on Friday at the Russian embassy in Orwell Road, Dublin.

It was announced in a tweet from the embassy on Friday evening: “On January 21 the Ambassador of #Russia to #Ireland Y.Filatov met with the Member of the Chief of Defence Staff of Ireland S.Clancy.

“Parties discussed the issues of Russia-Ireland relations and international agenda, as well as prospects of contacts between (the) armed forces of (the) two countries.”

In response the Department of Defence said the meeting was a “routine courtesy call”.

A spokeswoman added: “As the recently appointed Chief of Staff, it is normal for foreign ambassadors to pay routine courtesy calls. This is one of a series of meetings. Such meetings are a matter for the chief of staff, not the minister. There is no ongoing military cooperation with Russia and there is no intention to do so.”

A spokesman for the Minister for Defence Simon Coveney has not responded yet to the tweet.

Live fire exercise

Independent TD Cathal Berry said he believed the meeting has to do with a proposed naval exercise that the Russian navy intends to undertake in February.

The live firing exercise will happen 240km off the Irish coast outside Irish territorial waters, but within the Irish exclusive economic zone (EEZ).

The Irish Aviation Authority has sent a notification to air traffic control in Ireland stating that the live firing exercises will take place between February 3rd and 8th and between 5am and 3pm on those days. The area in question is off the southwest coast.

The IAA states that “pursuant to International Civil Aviation Organization (ICAO)annexs 11,15 and for safety of air traffic in the area you are kindly requested to issue international notam (a notice to airmen) to temporarily close above area for flights from surface to 11,000 metres”.

Dr Berry, a former army ranger, said the live firing exercise, while being legal, is a “warning to Ireland that we are military weak”.

He believed it was designed as an international provocation as it is close to flight paths and underwater submarine cables.

The Irish talks took place while negotiations ended between Russia and the United States in Geneva without agreement.

There are fears that Russia will invade Ukraine after Moscow massed tens of thousands of troops at the border, while the west has ramped up supplies of weapons to Kyiv.

US secretary of state Antony Blinken and Russian foreign minister Sergey Lavrov met for about 90 minutes in Geneva at what the American diplomat said was a “critical moment”. Expectations had been low going in, and there was no breakthrough.

Mr Blinken told Mr Lavrov the US would give Russia written responses to Moscow’s proposals next week, and suggested the two would likely meet again shortly after that – offering some hope that any invasion would be delayed for at least a few more days.

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British Land unveils London Exchange Square scheme (GB)

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British Land reveals the opening of its new 1.5-acre Exchange Square located at Broadgate in the City of London. Designed by architects DSDHA, the park quadruples the amount of green space at Broadgate and creates a new outdoor space for workers and the wider community to enjoy in the capital. Exchange Square is now open to the public and includes 420m² of lawned areas, an exciting mix of planting and trees within its gardens, an amphitheatre with plenty of seating, and new retail and event space.

 

It aims to blend nature with the energy of London and promote the physical and emotional wellbeing of people who live and work in the local area. As spring approaches, the park will become a haven for workers looking to enjoy high-quality outdoor spaces when working from the office, and for the local community to enjoy a range of plants and biodiversity. The park’s range of planting is maintained by Exchange Square’s Head Gardener and is expected to be a popular choice for workers looking to make the most of premium outdoor space.

 

Health and wellbeing form a vital part of the €1.8bn (£1.5bn) investment in Broadgate to create an environment that brings people together to work, shop, drink and dine. Research commissioned by British Land shows that putting good design at the heart of urban development could lead to substantial improvement in peoples’ mental health, which would result in substantial economic rewards.

 

David Lockyer, Head of Campuses, British Land said: “As we start the New Year, Exchange Square aims to create an accessible, sustainable and better-quality place for workers and residents in the community in 2022 and beyond. Broadgate has undergone a significant transformation as a mixed-use destination that appeals to everyone. We hope that by creating a new outdoor area filled with green space, it allows visitors to find a tranquil place within a busy capital.”

 

Matthew Webster, Head of Environmental, British Land, said: “Exchange Square is a brilliant addition to London’s green spaces, and has a unique position within the City of London. Creating opportunities for people to encounter nature as part of their daily lives boosts wellbeing and productivity. This new, green space has been designed to enhance both physical and mental health in a variety of ways – through providing an area for tranquillity, opportunities for social interaction or through encouraging and making it easy for people to visit and move through the space.”

 

Deborah Saunt, Founding Director of DSDHA, said: “With Exchange Square, we are delighted to see the culmination of our Public Realm Framework for Broadgate, which has already enhanced and better connected the open spaces of Broadgate Circle, Broadgate Plaza and Finsbury Avenue Square. Our ambition for this new park was to create a landscape that nurtures both plants and people through retrofitting nature into the heart of the City, breaking down perceived barriers to the surrounding areas, and offering a space that provides opportunities for both recuperation and recreation.”

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Paint colour of 2022 is a deep purple called Very Peri

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Purple may not have graced our homes much since the psychedelic era of the 1970s, but all is set to change this year.

That is, at least, if we decide to follow Pantone’s recommendation. The world’s leading colour trend forecaster has controversially selected Very Peri, a shade inspired by the deep violet blue of the periwinkle flower, as the colour of 2022.

It may seem like an odd choice when we’re still embracing muted tones and understated interiors. 

But Pantone’s annual colour choices wield huge influence with fabric and paint manufacturers and also among interior designers keen to deliver the latest looks.

Love it or loathe it: Pantone¿s colour of the year Very Peri is inspired by the deep violet blue of the periwinkle flower

Love it or loathe it: Pantone’s colour of the year Very Peri is inspired by the deep violet blue of the periwinkle flower

Pantone says Very Peri embodies ‘carefree confidence and a daring curiosity’. Such assertions are another reason why some interior designers will not be recommending Very Peri. 

One remarked: ‘None of my clients would want purple in their homes, especially in the corner that they’ve set aside for their desk.’

Others are more positive, praising its effectiveness in almost any space.

Andrew Dunning, of London Contemporary, says that it represents a further move away from the Elephant’s Breath, the mid-grey Farrow & Ball paint that held sway in interiors in the early years of this century.

As a champion of the deft use of patterned wallpapers and brighter colours, Dunning considers Very Peri to be warm rather than chilly, particularly if furnishing fabric companies produce a lush velvet in the shade.

‘People have been scared of colour, but I think Very Peri could work well in a ‘wow’ piece like an accent armchair upholstered in the shade,’ he says. ‘It’s also an option for a cloakroom, a smaller place in the home in which you can be more audacious.’

Beth Travers, of Bobo1325, a Manchester design business, also argues that we should lower our resistance to the colour purple. 

Its historic links with royalty endow the colour with ‘luxury, power and nobility’. Since Very Peri is a blue tone of purple, Travers believes it can be ‘relaxing and soothing’.

Paula Taylor, of Graham & Brown, the paint company whose range includes the purple-blue Tanzanite, also thinks going bold could bring decor dividends.

Sitting pretty: Tresor Stool in Very Peri, to order at bykoket.com

Sitting pretty: Tresor Stool in Very Peri, to order at bykoket.com

‘Our Tanzanite used in a hallway would make visitors feel reassured and joyful. In a living room, it would be crisp but comforting, especially when teamed with one of our soft-whites, such as Baked Cheesecake, for a more timeless effect.’

The warm reception to Very Peri — in some quarters at least — could indicate that the shade will become an important part of the rise of blues and greens, a movement that began this year.

Simone Suss, of Studio Suss, a London design business, says this is connected to the wish to bring nature into our homes.

Such is the growing demand to introduce more elements of the great outdoors in the interior that more housebuilders will be prioritising ‘biophilic’ elements in their developments next year.

‘I am always inspired by the natural world,’ says Suss. ‘ I think biophilic design will be key in 2022.’ 

The other shades vying for supremacy in 2022 include Dulux’s selection Bright Skies, an airy blue that aims to inspire hope. Dulux recommends several palettes to accompany Bright Skies such as Greenhouse.

This array of blues and greens encompasses Fresh Foliage and Calming Meadow.

Breakfast Room Green, a cheery tone ideal for kitchens, and Stone Blue, a light indigo, are among the five shades that Farrow & Ball is tipping as the colours of 2022. 

The company is also backing the elegant School House White, along with Incarnadine, a dramatic crimson, and Babouche, a sunny yellow.

F&B senses people are ready to step outside their comfort zone which could augur well for Very Peri. 

But, in the short term, this shade seems less likely to suddenly explode than to be seen in small touches, such as Dark Flowers, a £23.95 poster print featuring sultry purple blooms from Desenio and purple cushions, such as the £25 cotton velvet cushion from Cotswold Company.

Loaf’s Joelle £2,345 19th-century style bed is available with a purple headboard for those who aspire to a more formal, almost regal setting after the pared-down aesthetic of the past two decades. But experimenting with Very Peri does not necessarily mean a break with the past.

It can look smart with any shade of beige or grey. Going with purple requires confidence. It will be interesting to see what’s in store for Very Peri over the next 12 months.

Savings of the week! Draught excluders 

William Morris print excluders from Lancashire company ReddandGoud come in different sizes

William Morris print excluders from Lancashire company ReddandGoud come in different sizes

The draught excluder, a long sausage-shaped pillow placed at the foot of a door, is a low-tech, planet-friendly means of staying cosy indoors.

This utilitarian item seems to inspire creativity among designers meaning that you can have warmth, plus aesthetic appeal. 

Low-cost options include the Kaia from The Range in charcoal, reduced from £11.99 to £10.99 and the Plush Bear in mustard at £5.59, down from £6.99. 

Not On The High Street’s cheery blue and red plaid version, pictured left, is reduced from £22 to £11.

The Snap Croc from Dora, a mid-price option, is down from £32 to £9.60. 

It resembles a crocodile whose aggression focuses on warding off chills. Wayfair’s Emmett excluder, with its prints of bees and ladybirds, reduced from £28.99 to £26.99 would lift any decor.

If you want to splash out, William Morris print excluders from Lancashire company ReddandGoud come in different sizes. The widest (99cm) is £40.80, from £48.

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