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.
While chatter around the impact the General Election result is set to ramp up again, the impact on financial markets is likely to stay minimal especially if the current poll predictions materialise.
The year to March 2024 saw the fewest new housing sites consented than during any 12-month period since the data collection commenced in 2006.
An investigation by Sky News and a housing campaigner have revealed that there are some 33,993 vacant council properties in England alone, the highest number since 2009.
As a result of an announcement back in March, in the government’s final Budget, a major change to stamp duty came into effect on June 1st.
- 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
- Goodbye Renters Reform Bill
- Why Hasn't The Property Market Crashed?
- Millions Of Property Owners Could Be Disappointed As General Election Throws New Law Into Question
- Rental Yields For Landlords At Highest Level Since 2018