Property News Radio is Back!
After quite a substantial absence (sorry about that), Property News Radio is back, bigger and better than ever before!
We’ve had a lot on our plate in the intervening months, but now Rob’s back in the saddle, you’ll soon be getting your regular dose of the latest property news every week, keeping you on top of all recent developments.
This week’s episode is all about the Budget 2015 – what measures affect the property market in the short and long term. Let’s get started!
This week’s news
Lots happened in the Budget 2015, but this BBC article is a good summary of the main points: the lifetime allowance for pensions dropped from £1.25 million to £1 million, but beer duty also came down. Very much swings and roundabouts.
If you save £12,000, the government will give you £3,000 on top of that you can use as a first-time buyer, as long as you’re not looking to pick up a BTL. Great for first-time buyers, but it’s going to put even more pressure on the housing market.
This proposal for the future of the north is a must-read for anyone thinking about investing in the North. Faster trains, improved road networks, quicker shipping between Liverpool and Hull and lots more. If this comes off, it’ll be an absolute game-changer.