Friday News #047 – Speculation on the upcoming Spring Budget

Friday News 06th March 2020

Speculation is rife over what might or might not be included in the upcoming Spring Budget on March 11. As the first budget for both Boris Johnson and new Chancellor Rishi Sunak, many industry leaders are hopeful of impactful changes that will positively affect the property market. This time next week we’ll know where we stand and how the future is likely to be shaped for the UK property market.

If you didn’t contact us when we were making lots of noise about our Wolverhampton development when it was available at discounted prices then we’re afraid you’ve missed out on securing a bargain. The remaining units have now been launched across the wider market at the regular, higher price.

Even without the exclusive early access discount that we were able to share with our clients, the Wolverhampton development presents an excellent opportunity due to the huge potential for capital appreciation and the impressive rental yields so do contact us if you want to learn more before it sells out.

Property market gets boost as mortgage approvals rise: Monthly mortgage approvals rose to their highest level in nearly four years in January, in another sign that the property market started the year on a strong footing. Read more from The Times.

British house prices to rise as UK-EU uncertainty fades: British house prices will continue their upward climb in coming years as fears of a messy split from the European Union have waned and expectations for ongoing loose monetary policy supports demand, a Reuters poll found. Read the full results from the Reuters poll.

Budget 2020: ‘Government should backtrack on landlord taxes’: Many within the property industry are hoping the government will backtrack on its strategy of increasingly taxing landlords in next week’s Budget on March 11. Read the opinions of industry experts.

Zoopla calls for stamp duty review in Budget: Chancellor Rishi Sunak should review the stamp duty price bands in next week’s Budget on 11 March, said Richard Donnell, director of Research & Insight at Zoopla. Read the full comment from Zoopla.