James Rowlands’ Post

Housing will inevitably be an election issue but what will Labour housing policy cover? We know from previous announcements that increasing housebuilding will be central to their offer including planning reform, changes to green belt rules and new towns. Housing will also link to Labour's desire for people to have more financial and economic stability. For this reason we can expect a focus on social housing and home ownership inevitably squeezing private renting. From planning reform to mortgage support and a quick end to section 21 evictions. What could Labour's policy announcements look like? https://lnkd.in/dxJYQ3As

No idea as to what on earth the end game is or suggested to be. I do know that councils are unable to house people, I do know there is a housing shortage. I also know that small investors who are trying their best to get a ahead and get a pension perhaps (the traditional pension is under threat each and every government) so they try and invest often in rentals and in the main keep the place very livable. Yet get one or two tenants that do not pay and they have to pay to mortgagees and boom, get out of the market reducing the houses available by even more. so even more laws to contend with, https://lnkd.in/g9ZYpjuR

I can see this becoming a major row in the new Government, if it isn't already. The claim that loosening up planning regulations will lead to thousands of genuinely affordable, decent homes being built is just not credible. The evidence of the last fifty years in the UK and from abroad is conclusive: it requires significant public money and, actually, tighter not looser regulation. Expect a big Treasury vs MHCLG spat! #housing #regeneration #property https://lnkd.in/evU-2cY9

With Labour winning the General Election last night, this article by buyassociationgroup.com is really interesting because it discusses what it potentially means for property development, and the property market in general. An immediate overhaul of the planning system, a new mortgage guarantee scheme, reforms to the rental sector, and considerations around capital gains tax are all important subjects for the new Government to manage. What do you think? Will the property market be affected positively or negatively by the new Labour Government? https://lnkd.in/eFAHi2cw

What could a Labour government mean for expats investing in UK property? Key takeaways: - Building 1.5 million new homes over the next five years - Maintaining the stamp duty exemption for first-time buyers until March 2025 - Banning no-fault evictions and extending ‘Awaab’s law’ to the private rental sector - Helping 80,000 more people get onto the property ladder with a mortgage guarantee scheme - Ensuring private rental properties are rated EPC C by 2030 and delivering a national Warm Homes Plan #Labour #PropertyInvestment #Politics Read more about Labour’s housing policies:

Bad news for renters could spell opportunity for ethical investors 🏠👀 The Resolution Foundation reports that rent rises could outpace wage growth by as much as 13% in the next three years 📈 Demand for affordable and social housing is likely to increase in tow, giving property investment a much needed boost in interest. Want to do you part for the property market and your portfolio? Get in touch today 📞 Article: The Guardian #CostOfLiving #AffordableHousing #SocialHousing #CCGEyeOnIndustry

It’s confirmed! Labour have won the UK General Election. So what does this mean for property investors? 🔴 Increased Housing Supply Labour plans to build 1.5 million new homes, focusing on brownfield sites and 'grey belt' land like car parks. This could help stabilise house prices and make housing more affordable. 🔴 Tax and Stamp Duty Changes Expect higher taxes on higher earners and possibly increased stamp duty for non-UK residents. These measures could affect rental property profitability. Additionally, there might be reforms to make the system more progressive, impacting high-value property owners. 🔴 Tenant Protections and Rent Controls Labour aims to abolish 'no-fault' evictions (Section 21) and introduce rent controls. These changes aim to protect tenants but might increase regulatory burdens on landlords. 🔴 Support for First-Time Buyers Labour plans to extend the mortgage guarantee scheme and introduce the 'Freedom to Buy' scheme, helping first-time buyers access new build developments. This includes prioritising first-time buyers for new homes and maintaining low mortgage costs. 🔴 Planning Reforms Labour will restore mandatory housing targets and recruit hundreds of new planning officers to speed up development processes. They will also focus on unlocking brownfield land for new developments. 🔴 Environmental Standards New builds will need to meet higher environmental standards, promoting sustainable development. This includes integrating green building practices to reduce the housing sector's carbon footprint. Landlords, I’m curious. What are your thoughts on these changes? Comment below.

With Labour winning the UK general election by a landslide, what does this mean for the housing market? Nicky Stevenson, MD of Fine & Country, comments: “Buyers and sellers should be assured by today’s results that the property market is likely to remain robust in the coming months. Further buoyancy in the housing market is expected once the political climate settles. “Election periods usually cause a hiatus in market activity, but that has not been the case this time around. While there may be some question marks remaining over taxation, the housing sector has shown resilience. “It is going to be very interesting to see how the new Labour government injects some fresh thinking into the industry, following several years of dramatic ups and downs in house prices and property transactions.” Read more in our latest media coverage >> https://lnkd.in/eYtpDGzX #fineandcountry #ukgeneralelection #propertymarket

Kings Speech.... Good news for the Housing sector?! The new Labour government plans to prioritize economic growth with over 35 bills focusing on housing, infrastructure, transport, jobs, and clean energy. The Housing Secretary, Angela Rayner, aims for a major boost in affordable housing, pledging 1.5 million homes in five year - Is this realistic? Trade organisations are unsure, highlighting funding shortfalls and financial pressures delaying projects. Rayner's department promises significant increases in social housing funding. Additionally, a strengthened Renters (Reform) Bill will abolish Section 21 ‘no-fault’ evictions and allow tenants to contest unreasonable rent hikes.

Labour have been announced as the new governing party in the UK, and here are the promises you need to know about from their 2024 manifesto regarding property and housing: 🏚 Labour will keep mortgage rates as low as possible, with a strong, independent Bank of England – which will continue to target stable inflation of 2 per cent. 🏚 Planning reform to build 1.5 million new homes 🏚 The party has pledged to take steps to ensure we are building more high-quality, well-designed, and sustainable homes; creating places that increase climate resilience and promote nature recovery. 🏚 Labour will overhaul “the regulation of the private rented sector. We will immediately abolish Section 21 ‘no fault’ evictions, prevent private renters being exploited and discriminated against, empower them to challenge unreasonable rent increases, and take steps to decisively raise standards, including extending ‘Awaab’s Law’ to the private sector.” 🏚 The party is also looking to take further steps to ban new leasehold flats and ensure commonhold is the default tenure.  🏚 Labour have pledged to tackle unregulated and unaffordable ground rent charges. With a changing government, and many proposed bills and promises that are set to influence the property industry, there has never been a more important time to have an agent on your side. At Gray's Residential we are proud to support, educate and inform our clients with everything they need to know to navigate the many changes and legislative requirements. Contact our team today to find out more. #GeneralElection #GeneralElection2024 #LabourParty #PropertyIndustry #Property #RealEstate