Ted Hustler

October 2024 Budget: Non Doms - On the issue of non doms, the government stuck closely to its manifesto plans for a four-year residence-based regime that doesn’t look hugely competitive compared to countries like #Italy. https://lnkd.in/eU9J4VHn Knight Frank Serimm|Knight Frank Knight Frank Italy Residential Liam Bailey Tom Bill Kate Everett-Allen #budget2024

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Our latest Build to Rent Briefing is now out https://lnkd.in/epVvXu_z A rise in the no. of completions this year is good news, but new investment looks highly constrained given economic conditions and the high level of political risk assigned to investing and operating in Scotland. Scotland's main cities should be rivalling the BTR powerhouses down south but are way behind. Revisions to the new Housing Bill may help to get Scotland back on to investors' radar, but it will take some time for positive sentiment to return. Scotland needs to be seen as far more 'open for business' and needs better thought-out legislation that actually considers evidence and impacts before policy implementation. #BTR #newhomes #residentialinvestment

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Delighted to of had my article picked up and published by BTR News Really does showcase why Leeds is a unique investment opportunity just in time for our new launch #property #wealth #btr #business ##realestate

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Without getting political, it is hard to disagree with much of what is in this article. ESPC Lettings has seen a 20% reduction in our own managed portfolio in recent times. Despite feedback from industry, hard evidence of a reduction in properties to rent and a stalling of the Build to Rent sector - the Government seems determined to hold the line on rent controls. If they aren't going to create the right healthy environment for private sector investment - I assume they must have their own plan? Time will tell. In the meantime, we can only apologise to the 90 would-be tenants we had to disappoint last week, when a little one bedroomed flat we listed for rent was snapped up in the first hour. #Espi #Lettings #Supplyanddemandinbalance

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Urban Splash Residential Fund and Citu partner for £200m UK housing deal By IPE 1 November 2024 The Urban Splash Residential Fund (USRF) has partnered with UK property developer Citu to secure a £200m (€237m) pipeline of sustainable homes in Northern England. The SURE Capital Partners-managed UK residential fund has agreed the partnership to enable it to gain priority access to Citu’s properties and single-family homes in Yorkshire over the next five years. The initial phase of the 600 homes partnership involves the acquisition of 52 homes in Leeds and Sheffield. Akeel Malik, partner at SURE Capital Partners, said: “This deal connects capital with regeneration, allowing us to play a pivotal role in creating vibrant new neighbourhoods. Leeds and Sheffield are exciting, transformative cities where people want to live, work and play, and we’re proud to help drive that change. “Our mission is to cultivate a portfolio of design-led homes for renters – an approach that aligns perfectly with Citu. We have found the ideal product in their award-winning homes and communities.” Tom Bloxham, partner at SURE Capital Partners, said: “SURE has investors ready to commit to design-led homes. It’s a concept that’s been proven with Urban Splash and now with Citu.” Bloxham said the partnership is another example of how SURE Capital is bringing UK and international institutional capital to work supporting UK “SME developers like CITU, Urban Splash and Javelin Block – with whom we completed a deal last year in Birmingham”. Jonathan Wilson, managing director at Citu, said: “Our growth strategy focuses on creating exceptional sustainable places with a variety of tenures, and we’re excited to introduce a rental offering to our developments both now and in the future, with a partner who shares our vision and responsibility. “This collaboration enables us to move ahead with confidence, and we look forward to the next steps.” We’re glad to see that you may be inspiring others with our journalistic content. We ask that you copy our content for personal use only, so as not to violate our Terms and Conditions. Otherwise, ask about our group memberships via [email protected]. Text copied from: https://lnkd.in/dxeEzxCx

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"Landlords are increasingly nervous that Labour will bring in changes to CGT, leaving them with much larger bills if they sell." says James Pickford in the FT today. Savills Research shows that landlord sales now account for 1 in 6 disposals compared to 1 in 15 in 2013-14. According to Zoopla more of these sales are concentrated in London and south-east England which is probably due to the larger gains that those properties may have acrued. If you want to sell before the Budget, then the message is to 'get your skates on'! #cgt #residentialproperty #landlord #sales #conveyancing

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#JDWJournal | Head of Sales, Jimmy Waight discusses how the peak of the spring market presents an opportune time for both buyers and sellers to make significant moves in the property market. Click here to read more 👇 https://lnkd.in/epF-zPwY #johndwood #spring #sales #estateagent #property #propertymarket

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A senior housing industry figure has claimed Scotland has become a 'no-go zone' for investors. The company owner warns the SNP over housing laws that include rent controls will keep housebuilding in years of stagnation and Labour over its potential capping plans. My Business Week column Article: https://lnkd.in/e7-HTDui #housebuilding #development #newhomes #housingemergency

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The latest factsheet for the VT Gravis UK Listed Property (PAIF) strategy for the period to the end of July has been published. Read the full factsheet below or here: https://lnkd.in/e-M7AbGg (Professional investors only. Capital at risk. Past performance is not a guide to future performance.) #Property #RealEstate

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The Chancellor’s budget has sought to support reducing the business rates burden on the retail, hospitality and leisure sectors by introducing a special business rates multiplier for these properties. Disappointingly, this will not take effect until April 2026 and will be funded by higher business rates for businesses with Rateable Values over £500,000. In the interim the retail, hospitality and leisure sector will see their current 75% business rates relief reduced to 40% from April 2025 meaning a significant year on year increase in business rates in the 2025/26 financial year. Whilst there is good news in the announcement regarding freezing the 2025/26 small business rates multiplier and commitment to business rates reform, ratepayers will need to keep an eye on announcements over the next 24 months to assess the impact of the governments’ proposed policies. We will be ensuring our clients are kept updated as there will be winners and losers as well as new opportunities to save money.

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💻 This excellent conference last week, hosted by Penn Commercial’s new software partner Re-Leased, was a real eye-opener when it comes to advancements in AI and what they’re going to mean to real estate, as well as to supporting, symbiotic professions and markets. 💡From renowned expert, Antony Slumbers: “In an AI-driven future, the most valuable human contributions will be asking insightful questions, designing emotionally resonant user experiences, and defining the ethical principles that guide our relationship with technology.” There are some specialised tasks that AI just can’t perform as well as humans. For now, at least. 🤔

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**SINGLE FAMILY HOUSING** I'm seeking introductions to Institutional & other Investors and existing large scale BtR/SFH operators & developers who may be interested to explore a pioneering move to create a new portfolio of UK Single Family Housing 'PARK HOME' developments. 'Park Homes' being typically offsite manufactured housing built to be sited on land with approved use for the siting of residential caravans. Park Homes can provide up to 1,400ft2 of detached single storey accommodation. Typically off-site constructed units can built to resemble bungalows and/or custom contemporary eco builds which can be designed to appeal to all ages. Ultra low running costs, EPC A rated, sited on gated (security) estates and many other benefits which are not readily known (nor appreciated!) from those outside of this niche industry. Park Home developments can be rapidly created - typically within 16 weeks from start. Rather uniquely - sites are often in prime rural locations. I've been exploring this opportunity for c. 1 year now within the caravan parks industry but there is currently little appetite from within. Albeit some recent 'turbulence' within this niche industry has likely quelled the early enthusiam (and, understandably, lenders appetite!). It seems fair to say the residential caravan parks sector has had some high profile/'colourful' characters in recent times who, in some cases, have contributed to negativity & apprehension from Institutional & other investors (some of whom have been badly burnt recently). NEW ERA: I'd like to play a key part in creating a new era for this niche sector to evolve new blue chip entrant(s) which will attract/have Institutional investment backing. Preferably focussed on creating a portfolio of SFH Park Home (all ages) developments throughout the UK. With a key objective being to make a meaningful contribution to help with the UK's housing challenges. WHY ME? I'm a member of The Association for Rental Living (following a transfer of my membership from The UKSFA), a qualified UK accountant and a Board level advisor & caravan park owner (in Hampshire) within the caravan park industry. I have very broad expertise in all areas of this niche industry including planning, regulatory, park developments, business management and in-depth (insider) knowledge of the commercials/financials & 'tricks of the trade' from within this niche business. I'm motivated to help make a contribution to the current UK housing challenges and I'd like to find like minded partners & organisations who share these same motivations. Please do get in touch if you or colleagues have a genuine interest to explore and/or keen appetite to enter this niche sector. I suppose I am mostly expecting to connect with BtR & SFH developers & operators, Institutional & other investors from the traditional real estate space but I am open minded to all suggestions/connections. Thanks in advance. Shaun Ascough email: [email protected]

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  Today, Chancellor Rachel Reeves unveiled her first budget. Whilst the government have rightly increased investment towards housing and infrastructure, it is vital that the government continues to ensure that the United Kingdom remains an attractive country for investors and international businesses. You can read more about the Budget in this article from The Times: https://lnkd.in/ejX-tPYQ   #Budget2024 #EconomicGrowth #RachelReeves #Economy #UKPolicy

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Our latest Buyside - Bitesize discusses the super prime market's current herd mentality. Amidst considerable global uncertainty, and in anticipation of a domestic general election, we have noticed a trend emerge at the upper end of the central London market whereby buyers are seeking comfort from the herd before bidding for even the best homes. You can read more here: https://lnkd.in/eJKTmVVv

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https://lnkd.in/epwx74Tk The Role of QNUPS in Estate Planning for UK Residents #EstatePlanning #qnups #LegacyPlanning

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Today’s inflation figures for July in both UK and US came in below exceptations increasing likelihood of further interest rate cuts on both sides of the Atlantic.

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