Properties are valued at the time that any transaction takes place. If a homeowner wishes to sell their property to the Council, then they can choose the timing of such sale up until the time that a Compulsory Purchase Order might be confirmed (potentially in mid-2017). After that time, the Council would determine the timing of acquisition. If a homeowner wishes to enter into an equity swap with the Council, then the valuation date would equate to the time that the homeowner moved into their new home. If the property market moved, then this would affect both existing and new build values and would therefore have a limited (if any, and certainly not measurable) impact on the percentage equity of the new build property acquired by the homeowner.
 Compulsory Purchase Order (CPO): This is a legal function in the United Kingdom and Ireland that allows certain bodies which need to obtain land or property to do so without the consent of the owner.
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