General

Buy-to-let borrowing has declined in 2024 due to rising interest rates, reduced tax benefits, and higher stamp duty, prompting many landlords to sell.  Meanwhile, first-time buyers remain active, supported by incentives and family assistance.  Property investment still holds long-term potential, but careful planning is essential in today’s challenging market.

The latest Housing Pipeline Report reveals planning approvals for new homes have hit a decade low, with just 230,000 units approved over the past year. This decline highlights significant challenges for the Government in addressing housing supply shortages and meeting the UK’s growing housing demand.