Market Wrap #229 | UK Autumn Budget 2024: What It Means for Landlords!

04/11/2024 8 min
Market Wrap #229 | UK Autumn Budget 2024: What It Means for Landlords!

Listen "Market Wrap #229 | UK Autumn Budget 2024: What It Means for Landlords!"

Episode Synopsis

💻 Contact us - https://apw-property.com/contact-us/In this week's Market Wrap, we break down the latest updates from the UK 2024 Autumn Budget and what they mean for property investors, second-home buyers, and landlords. Key changes include an increase in Stamp Duty Land Tax (SDLT) on additional properties (now 5% for UK buyers, 7% for international buyers) and raised Capital Gains Tax rates. While acquisition costs rise, we explore potential upsides in the rental market, such as increased rental yields driven by tenant demand. Plus, a £500 million investment in affordable housing aims to support a balanced property market long-term.