WEBINAR: Post budget webinar with Richard Donnell

The UK Spring Budget delivered a mixed bag for landlords and property investors. The good news was a cut in Capital Gains Tax on property from 28% to 24%. Also welcome is a substantial £242m investment in East London. A less favourable announcement was that Multiple Dwellings Stamp Duty Relief, which was introduced for those buying more than one property in a single transaction, has been taken away.

The Budget - as always, and especially now in a General Election year - contained plenty of feel-good announcements. The Chancellor has reduced National Insurance contributions for most working adults, and announced a number of high profile investments in the NHS, schools and regional projects.

We were joined by Zoopla's Richard Donnell for our post-Budget webinar, he reinforced London’s desirability as an investment destination - strong employment growth has driven demand for housing, international travel is back to 95% of pre-pandemic levels and tourism has rebounded strongly, plus we’ve seen a 30%+ growth in private rents since 2021.

He concludes that London is looking better 'value for money' in more than a decade!

If you have any questions at all, please get in touch with no no-obligation to instruct us.