October’s RICS survey provides further evidence that Budget uncertainty is dampening buyer sentiment and is contributing to the continued decline in the supply of rental properties. Tax rises in the Budget on 26th November, mostly for households and potentially on property, would be a headwind for both housing activity and prices and a tailwind for rents.
We’re hosting a 20-minute online briefing at 3pm GMT on Wednesday 19th November to discuss what to expect in the Budget and what it could mean for the UK economy, UK housing and the financial markets. (Register here.)
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