Autumn Statement: What It Means for the UK Housing Sector?

One of the most important things investors need to remember is that tenants with more money are good for the housing market.

The Autumn Statement puts extra capital in the pockets of potential tenants up and down the country, thanks to LHA investment and the universal credit and disability benefit increase of 6.7%. As such, renters will be in a stronger position to pay premium rents than they have been over the last couple of years.

As a landlord, this means you are less likely to face void periods, especially with rents rising due to unprecedented tenant demand across the country.

In addition, plans to decrease planning application time and the new Permitted Development Right scheme will help increase the housing supply in the buyer’s market.

With low property prices and high gross yields (particularly in North West cities like Liverpool), investing in real estate in the UK has potentially never been more advantageous.

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