Weekly Property News Round Up – 14.09.24

Welcome to this week’s edition of Property News Weekly, where we bring you the latest updates shaping the real estate landscape.

This week, we focus on key updates in the property world, starting with Labour’s pledge to support landlords reaching their EPC targets, a move that could provide relief for many. In other news, the UK housing market is showing promising signs of growth for Q4, offering hope for a more active period in the coming months. Finally, we explore how Labour’s policies could potentially reshape the rental market, signalling changes for landlords and tenants alike.

If you would like to speak to our experts for some industry insight on these important questions and discover the strategic opportunities this evolving market has to offer, reply to this article today.

Now, let’s have a look at the latest headlines that have caught our eye this week…

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Property News this Week:

Labour to Support Landlords to hit EPC Targets

Ed Miliband has confirmed that the Ministry of Housing, Communities and Local Government (MHCLG) are considering offering financial support to landlords in the Private Rented Sector (PRS) to hit EPC targets.

This is in response to widespread calls for the Labour government to provide more incentives for landlords to reach the new targets, which dictate that all PRS properties need to reach at least grade ‘C’ by 2030, unless they are exempt.

UK Housing Market Shows Promise in Q4

The latest RICS Residential Survey for August 2024 reports a positive shift in the UK housing market, spurred on by the recent decrease in mortgage interest rates.

Buyer demand and sales activity are on the rise, with industry professionals anticipating further growth as we move into the final quarter of the year.

Labour’s Policies Could Impact UK Rental Market

Jonathan Samuels, CEO of Octane Capital, has issued a stark warning to the new Labour government, cautioning that continued pressure on the UK’s buy-to-let landlords could push the already struggling rental market to the brink of collapse. With proposed changes in capital gains tax looming in the upcoming Autumn Statement, landlords are expressing growing concerns about the future of the sector.

That concludes this week’s updates. If you have any thoughts or questions about these headlines, feel free to reply—I’d love to chat with you about the latest market trends and discuss your investment goals.

I’ll be back next week with more insights on the property market. Enjoy your weekend!

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