Nigel Farage has brought billionaire property developer Nick Candy on board as the new treasurer of Reform UK, a move that signals a growing presence of high-profile figures within the party. Candy’s background lies in transforming neglected spaces into prestigious properties, a skill that may reflect his ambitions for revitalising the political landscape as well.
For those of us who manage property investments, the idea of a political figure with Candy’s expertise stepping into the spotlight raises interesting possibilities. Policies that encourage stable growth and thoughtful development can make all the difference when it comes to improving our cities, attracting quality tenants, and ultimately ensuring healthier returns.
Could this shift in leadership pave the way for policies that support landlords, property managers, and investors across the UK? Only time will tell, but it’s certainly worth watching.
https://www.bbc.com/news/articles/czr3n6g4lyjo
Building the Future of British Housing
The government has announced a wide-ranging reform of the planning system, setting ambitious annual targets and encouraging development on suitable land. By pushing councils to update their local plans and pressing for higher standards, including more affordable homes, the plan hopes to ease years of shortage, making it simpler for ordinary families to finally afford a place of their own.
This sweeping change also promises to prioritise balanced growth, with careful consideration given to preserving local character while unlocking the potential of brownfield sites and select greenbelt areas. By integrating infrastructure, local services, and sustainable design, the reforms aim to create communities where people genuinely want to live.
For property professionals, these changes could mean more opportunities as smoother processes and fresh investment flow into communities, potentially boosting returns and encouraging sustainable, well-planned growth. Will this new approach offer property managers and investors a steadier market, delivering both quality homes and long-term value?
https://www.gov.uk/government/news/planning-overhaul-to-reach-15-million-new-homes
Reforming Right to Buy for Fairer Housing
The government is looking to reform the Right to Buy scheme to ensure it remains fair and sustainable. Tenants may face longer waiting periods before they can buy, and some newly built social homes might never go up for sale. At the same time, the government plans to roll back the larger discounts of recent years, hoping to maintain a strong stock of quality social housing across the country.
These proposals come in response to the ongoing challenge of meeting housing demand while preventing the loss of affordable homes. With too many properties sold off and not replaced, the system has struggled to support those who rely on it. By adjusting the rules, the government hopes to create a better balance: preserving the opportunity for some tenants to become homeowners while keeping homes accessible for future generations.
For property professionals, these reforms could influence investment choices and market stability. Knowing that more social homes may remain in the rental sector could mean steadier demand and less pressure on supply. Ultimately, the proposed changes seek to strengthen communities and ensure that everyone who needs affordable housing has a fair chance of finding it.
Halifax Reports Record UK House Prices at £298k
UK house prices have hit a new record of £298,083, marking the fifth month in a row they have climbed. According to the Halifax, prices are up by 1.3% since October and 4.8% over the past year—the strongest annual growth in two years. This upward trend, supported by easing mortgage rates and solid employment figures, has encouraged both first-time buyers and existing homeowners to move forward with their plans.
Despite the positive momentum, the market’s future isn’t entirely clear. Rising borrowing costs and upcoming changes to stamp duty rules could influence where and when people choose to buy. London remains the most expensive city, while Northern Ireland and the North West of England continue to record some of the strongest annual gains.
For property professionals, understanding these shifts is crucial. As buyers weigh affordability and search for the right time to enter or move within the market, careful planning and flexible strategies may be key. In the coming months and into next year, it remains to be seen whether strong demand will keep pushing prices higher, or if economic pressures will eventually slow the pace.
https://www.bbc.com/news/articles/cevg9mm2rzgo
Ending the Year on a High Note!
As we wrap up 2024, we’re proud to reflect on a year of remarkable growth and success. Not only have we welcomed a record number of new landlords into our community, but we’ve also had the largest intake of new team members in our history. This expansion highlights our growing organisation and ongoing commitment to providing exceptional service and support. It’s been a year of strengthening relationships and achieving milestones!
Looking ahead, we’re excited to unveil our plans for 2025, with more opportunities, innovations, and ways to serve you better on the horizon. As we celebrate this season of joy and togetherness, we want to express our heartfelt gratitude to our landlords, tenants, and team members for being such an integral part of our journey. Wishing you all a cracking holiday season and a prosperous New Year—cheers to making 2025 our best year yet!
