Description
Rents for houses and flats in London have risen to record levels, as landlords pull out of the market following a loss of tax relief and tightening regulation. There are stories of dozens of disappointed applicants for every property in some areas. How long can this continue before tenants are simply unable to afford to pay more? Property commentator Anne Ashworth talks to Winkworth CEO Dominic Agace about the broader trends, and for some tales from the front line we hear from Rupal Patel, director of Winkworth Shepherds Bush, and Adam Stone, lettings manager at Winkworth City and Clerkenwell.
The budget turned out to be tough on businesses, but perhaps slightly less damaging to the property market than had been feared. However interest rates are now expected to come down more slowly and there’s another stamp duty shocker for buy-to-let landlords. So how’s the market reacting and...
Published 11/20/24
Everyone knows that the forthcoming budget is going to be tough, with speculation chancellor Rachel Reeves will make changes to Capital Gains Tax and Inheritance Tax. She could also tighten up pensions relief and non-dom legislation amongst others. So how is it all going to affect the property...
Published 10/13/24