Outlook for the UK property market under the new Labour government

After a whirlwind six-week campaign, Keir Starmer has clinched the title of UK’s Prime Minister. But, wondering what this means for the housing market and your next property investment?

In this video, we explore the potential impact on the UK housing market under the new Labour administration.

• Starmer’s goal: Shed Labour’s high tax image with no hikes in stamp duty, VAT, income tax, or national insurance.
• Faster planning decisions, green belt construction and a push for home ownership.
• 1.5 million new homes by 2029, many in joint developments with private developers.
• 5% deposits for first-time buyers
• Starmer’s steady hand: no changes to council tax
• Rentals reformed: stricter eviction rules for landlords, decent home standards and penalties for tenant misbehaviour.

Benham & Reeves foresee a housing market boom and a stable economic political outlook for the upcoming years!

But there’s more to it….catch all the details and get the full video here.

Don’t miss out on what’s coming next!