We will invite discussions about how the UK housing market is going to change over the next 5 years and consider some of the financial and legal implications of what oils the wheels of a healthy property market.
The UK housing market growth has been in decline since the recession kicked in about ten years ago and it can even be said that there’s been negative growth since.
We anticipate that there will be many changes made to the laws and regulations over the coming years in order to start escalating the market towards recovery. We anticipate changes in the laws relating to rental properties too.
Things being discussed include longer than 6 month short term tenancy agreements to give more security to tenants, rent capping based on a scale of rates and restrictions on the commission amounts that rental agents can charge landlords as fees.
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