Understanding the impact of the Chancellor's Autumn Statement

published on 09/12/2015  

The announcement is still subject to consultation. The consultation is due to take place over the coming weeks and should provide greater clarity before the end of 2015.

 

There are a number of potential impacts that this legislation is likely to have on the property market:

 

-Reduced competition between first-time buyers and investors for many properties, at the same time dis-incentivising some second home purchasers.

 

-A marginal or no direct impact on average house prices.

 

-Potential increase on rents as supply of rental property is contracted.

 

-A shift by investors (seeking to amortise higher purchase costs) to longer-term strategies.