Voices of the Housing Sector: Perspectives on the Upcoming Budget

In anticipation of the forthcoming budget, stakeholders in the housing sector are expressing their viewpoints. Allison Thompson, the National Lettings Managing Director at LRG, emphasizes the necessity for governmental assistance in the private rented sector. She advocates for the relaxation of tax implications on landlords to counterbalance regulatory burdens and potential interest rate rises.

Kevin Shaw, the National Sales Managing Director at LRG, underscores the property market's pivotal role in the UK economy and urges the government to implement growth-fostering policies while highlighting the potential political implications of housing policies, particularly in light of an upcoming general election.

Sarah Thompson, the Managing Director at Mortgage Scout, echoes the call for interest rate reduction through inflation control, aiming to alleviate both the cost of living crisis and the housing crisis. Tim Foreman, the Managing Director of Land and New Homes at LRG, directs attention to the challenges faced by first-time buyers and urges governmental support to invigorate the housing market. He suggests that initiatives targeting this demographic could have positive cascading effects on the broader market.

Lastly, Karen Charles, the Executive Director at Boyer, underscores the necessity for balanced housing initiatives supporting sustainable communities. She advocates for a mix of high-quality housing in desirable locations and high-density housing on urban brownfield sites to cater to diverse housing needs effectively.