5 Kings Parade, Ashford, Kent TN24 8SQ
T: 01233 632383 E: ashford@skippers-ea.co.uk Area Guide
T: 01797 362898 E: newromney@skippers-ea.co.uk Area Guide
30 High Street, Cheriton, Kent CT19 4ET
T: 01303 279955 E: cheriton@skippers-ea.co.uk Area Guide
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In the past, landlords would have been happy to purchase on older property stock and make improvements – perhaps adding value along the way. Today, however, there is a perfect storm of factors casting a cloud over investing in resale buy-to-lets.
There are millions of people in Generation Z – or Gen Z for short – and they are highly likely to need rental accommodation as this age bracket encompasses undergraduates, those leaving university and young professionals.
Being a private landlord has been the norm in buy-to-let for many years but detrimental changes to property taxation since 2017 have led to an increasing number of landlords starting their own companies as a tax-efficient investment vehicle.
The Prime Minister’s resignation, a high-profile sacking and a raft of new appointments have given the ruling Conservative party a brand new look, and the new faces in the Government’s housing departments come at a critical time for the property industry, with a number of new rules, regulations and laws waiting to come into force.
Landlords and tenants will soon see changes to how tenancies are run, thanks to incoming legislation changes enforced by the Government. Letting agents across the country are digesting the contents of the new Fairer Private Rented Sector White Paper.
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