As the Autumn Budget approaches, uncertainty is weighing heavily on the property market, with potential changes to taxation, stamp duty, and council tax influencing buyer and seller decisions. Experts highlight opportunities for decisive buyers, particularly in Prime Central London and regional markets, despite policy-driven hesitancy and rising costs. From first-time buyers to international investors, strategic planning, careful negotiation, and understanding long-term value are essential in navigating today’s evolving property landscape.
Our Head of London Buying, Ashley Wilsdon, and Head of Country Buying, Ben Horne, share their thoughts in First in the Door.
Over the past year, what impact have Labour’s policies had on the property market?
AW: “In the Spring, we saw what could be described as a knee-jerk reaction with a large number of homes being launched to the open market. In turn, prices fell in some areas as buyers sat back and watched a swathe of price reductions.”
If you could change just one thing in the Autumn Budget to improve the property market, what would it be?
AW: “The UK needs overseas investment to remain a global player. How we tax wealthy international individuals needs a rethink.”
What are your top tips for buyers in the prime regional markets today?
BH: “Find a property quickly and negotiate hard; it’s a great time to buy. It’s been a few years since buyers have had such a strong hand.”
“Even if buying something well out of sight of the open market, the buyer has the advantage of using the media speculation about forthcoming taxation.”
