Over­view of new prop­erty poli­cies

Yorkshire Post - Property - - PROPERTY -

Yolande Barnes, head of res­i­den­tial re­search at real es­tate ad­viser Sav­ills, has an­a­lysed the new Govern­ment’s poli­cies and says: “Al­ready, the an­nounce­ments on cap­i­tal gains tax have led to the pos­si­bil­ity of sec­ond homes flood­ing the mar­ket and the ex­o­dus of small land­lords from the in­vest­ment mar­ket.

“It may also be seen as a pos­i­tive en­cour­age­ment for the ‘cor­po­rati­sa­tion’ of res­i­den­tial in­vest­ment hold­ings, seek­ing to take ad­van­tage of the promised “gen­er­ous al­lowances” for busi­nesses.”

She be­lieves that a lack of both pri­vate and pub­lic sec­tor fi­nance for new schemes will force a re­think on ap­proaches to big­ger and more dif­fi­cult sites.

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