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What Could The Conservative Win Mean For The Property Sector?

By Team Focal

So after weeks of canvassing and debating, the Tories have won the 2019 UK General Election with a majority.

 

Estate Agent Today asked 11 industry experts what they think this will mean for the housing sector. Among the expected changes:

 

  • The end of Section 21 Notices. The industry has expressed concern that this could lead to indefinite tenancies which could put landlords off altogether.
  • An increase in Stamp Duty which would increase the top rate on the most expensive properties to 18% which is expected to impact overseas buyers.
  • The building of 300,000 new homes and continued discounts for first time buyers.

You can read all their thoughts about the impact on the industry here.

Tags: Estate Agent News

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