With a general election expected later this year – London property market policy is back on the agenda. From capital gains tax to planning reform and overseas buyer levies – all eyes are on party manifestos.
At Ernest-Brooks International, we are already preparing clients for potential changes in landlord regulation, stamp duty and development incentives. The Labour Party has floated the idea of private rent controls – while the Conservatives remain focused on home ownership.
The uncertainty will likely cause a short term pause for some – especially in discretionary purchases. However – we expect increased stock as sellers look to transact before potential tax shifts.
Investors should consider securing deals before any major legislative change – particularly where rental demand is strong and borrowing costs remain manageable.
Ernest-Brooks International will be publishing further election commentary as manifestos firm up. In the meantime – now is the time for buyers and landlords to review portfolios and plan exit or entry strategies accordingly.
As ever – political change brings both risk and opportunity. The right advice makes the difference.
What the General Election Means for London Property
- By Designer
- June 10, 2024
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