Property Crowdfunding

The Chancellor Rachel Reeves has announced a range of measures in the Budget including a stamp duty rise which looks set to hurt landlords. In Labour’s first budget in 14 years, the Chancellor said Labour would bring back “economic stability”. Other measures include a rise in capital gains tax the lower rate of CGT will rise from 10% to 18%, and the higher rate from 20% to 24%. But in some good news for landlords, the rates on residential property will remain at 18% and 24%. https://lnkd.in/e_erxEfP #Budget2024 #landlordsuk #propertyinvestorsuk #ukproperty

The government needs to increase the number of social homes it builds each year in England tenfold by 2027/28 to meet its own overall target to build 1.5 million homes by the end of this parliament, according to a new analysis from the New Economics Foundation. https://lnkd.in/eHfN2JQ2 #ukproperty #ukpropertymarket #propertyinvestorsuk #propertydevelopersuk #housingcrisis

With demand continuing to outstrip supply, record high rents, and challenges surrounding energy efficiency, both landlords and tenants will be paying close attention to the Chancellor's first budget tomorrow. Ahead of tomorrow’s budget, the National Residential Landlords Association has outlined the key challenges the Chancellor needs to address in the rental market. https://lnkd.in/eHJNWNNh #rentalmarket #budget2024 #landlordsuk #propertyinvestorsuk #nrla

House sales at highest levels seen in four years: Zoopla The total value of homes in the sales pipeline is up by 30% when compared to last year, according to the latest data released by Zoopla. https://lnkd.in/eADiTbvz #ukpropertymarket #housingmarket #propertyinvestorsuk

The average rent for a newly let property in Britain hit a high of £1,384 pcm last month – but the pace of growth is cooling. That’s the verdict from the Hamptons agency which says average rents rose 4.5% year-on-year, down from 5.0% in August and 11.7% in September. https://lnkd.in/ebqUKT49 #landlordsuk #propertyinvestorsuk #rentalincome #rentalmarket

The chief executive of the National Residential Landlords Association has set out landlord concerns at the slow processing of possession cases in the current court system. Ben Beadle, addressing the Renters Rights Bill committee in the Commons, said that whilst the association was broadly supportive of many features in the Bill, it was deeply concerned about court reform, especially prior to the inevitable abolition of Section 21. https://lnkd.in/emGn6ZrP #rentalmarketuk #landlordsuk #propertyinvestorsuk #NRLA

A large majority of estate agents believe that the government has put too much emphasis on letting sector reform and not enough focus on boosting the housing market, according to a new survey. https://lnkd.in/e5PEF5fa #ukhousingmarket #ukproperty #autumnstatement #propertyinvestors

It may seem a forlorn hope after speculation over imminent tax rises, but the National Residential Landlords Association wants the Chancellor to scrap the stamp duty levy. The NRLA is co-ordinating a joint letter to  Chancellor Rachel Reeves calling for pro-growth taxation measure to encourage investment. Along with industry players Propertymark, the Large Agents Representation Group (LARG) and Goodlord, the association outlines positive changes to encourage landlords to remain in the sector and continue to invest. https://lnkd.in/eqe9eD8t #stampduty #landlordsuk #propertyinvestorsuk #NRLA #ukrentalmarket

Limited companies are now the 'new normal' for UK landlords, with over 46,000 companies set up between January and September 2024 - a year-on-year rise of 23% and more than the total for 2021, according to Hamptons. https://lnkd.in/eBxqK2bg #landlords #propertyinvestorsuk #buytolet #companystructure

The International Union of Property Owners is inviting landlords to participate in a survey assessing problems with making properties more energy efficient. The survey asks landlords and property professionals about their response to legislation, the aim of which is to hit net zero by 2050.  https://lnkd.in/e9Yb9r85 #landlordsuk #propertyinvestorsuk #energyefficiency #netzero