Today’s homebuyers might find it hard to believe that back in the late 1960s a house in the United Kingdom could cost less than £4,000. Yet, for the Silent Generation (born between 1928 and 1945) and the Baby Boomers (1946-1964), this was simply a fact of life.
As the new Labour Government settles into power, rental reform will be one of the items at the top of the to-do list.
The Chancellor has unveiled mandatory housebuilding targets and hinted at Labour’s upcoming plans for the private rented sector.
Rents in June 2024 rose by 6.7% year-on-year, according to the latest figures from the Goodlord Rental Index.
It's no surprise that the Labour Party won the general election, due to the dissatisfaction with the former Conservative Government. Still, we don't think anyone expected it to be such a landslide victory for Labour.
House prices are now at 0% inflation but are expected to rise by 1.5% by the end of the year. Here’s the latest on the UK housing market from the Zoopla House Price Index: June 2024.
The Short Term Accommodation Association has accused councils of cracking down on short-term rental stock rather than concentrating on bringing empty homes back into use.
Speculation is growing ahead of the General Election around how first-time buyers will fair, and if they’ll receive the support they really need to get onto the property ladder from political parties.
- What The Property Industry Can Expect From The General Election
- New-Build Properties Plummeting Further
- Councils That Regulate Private Landlords Have 34,000 Empty Homes Available
- Stamp Duty Change Comes Into Affect
- Labour Agrees New Housing Policies
- UK House Prices On The Rise In May
- Skyrocketing Rents As 50,000 New Rental Homes Needed To Meet Historic Demand
- First Time Buyers Shun New Builds After Government Axes Help To Buy