Beresfords presents expert insight on the post-election property market under Labour’s commitment to ‘Get Britain Building Again’

With the Labour Government winning the UK election, Property Group, Beresfords, believe that the landscape of the UK property market is set to remain robust and move forward positively into the second half of the year, as the party supports a ‘One Nation’ housing policy.

As an award-winning Estate Agency buying and selling more property in Essex than any other independent estate agent, Beresfords are reassuring both vendors and buyers to remain confident in the UK property market.

Mark Lawrinson, Operations Director, Residential Sales gives their expert opinion and advice for first-time and second-hand buyers, Landlords and Tenants.

New homes

The housing crisis is well known to be one of the country’s biggest barriers to growth but Labour’s commitment to ‘get Britain building again’ has laid out plans to build 1.5 million new homes over the next parliament.

A more strategic approach to green belt land, prioritising brown and grey belt land for development, will see new homes in the right places, with stipulation to adhere to the party’s ‘Golden rules’ to include affordable housing and public service provision.

Encouraging climate for Developers: Developers are in a strong position as the demand for new homes continues to grow. Labour’s housing policies, including plans to streamline planning processes, are expected to boost the new homes sector significantly.

A promising time for first-time buyers: With Labour’s commitment to affordable housing and increased support for first-time buyers, the party manifesto has promised a permanent, comprehensive mortgage guarantee scheme to support first-time buyers who struggle to save for a large deposit, with lower mortgage costs. The market is expected to benefit from a number of new policies aimed at making home ownership more accessible. Policies including the proposed ‘Freedom to Buy’ scheme and maintained stamp duty reforms make it an opportune moment to enter the property market.

Beresfords is currently managing a new homes portfolio worth over £250 million – with developments from Finchingfield near Braintree down to North Ockendon in Greater London.

Lettings and rental

Labour wants to see a private rented sector that provides decent, safe and secure homes at

a price people can afford. It is therefore essential for Landlords to work with trusted agents to ensure they are aware of their right and responsibilities.

Tenant demand: High demand for rental properties is expected to persist, driven by Labour’s commitment to improving rental conditions and increasing the supply of affordable rental homes. This ensures that rental yields will remain attractive, making it an excellent time for Landlords to expand their portfolios.

Second hand market

Over recent years, families have been hit hard by spiking mortgage costs. In the wake of this tough climate, those looking to move up the property ladder to support growing families will begin to see progression through the implementation of one of Labour’s ‘First Steps for change’ to drive economic stability through tough spending rules in the hope of keeping mortgage rates as low as possible.

Market stability: The second-hand market has shown remarkable resilience throughout 2023, overcoming both economic and political challenges and unrest. This stability is expected to continue, with Labour’s policies likely to enhance buyer confidence and market activity.

Mark Lawrinson, Operations Director, Residential Sales, said: “Labour’s economic policies focus on reducing inflation and promoting sustainable growth, which will undoubtedly benefit the housing market.

“Alongside Labour’s plans, The Bank of England’s steadfast approach in maintaining interest rates amidst inflationary pressures provides assurance for market stability and we, at Beresfords, expect these rates to stabilise, if not lower, further supporting the property market’s growth.

“For anyone looking to discuss their current or future property needs, our doors are always open.”

 

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker 30/05/25

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.64% +0.03% -0.78% 5-year fixed 4.61% +0.03% -0.45%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.82% +0.02% -0.93% 5-year fixed 3.88% +0.09% -0.55%   Average…
Read More
Home and Living

Carpet Cleaning Specials in Stanton: Save on Your Next Service

Sure, the carpeting in your Stanton home is inviting and adds warmth and comfort, but it can also store harmful dirt, allergens, and bacteria that can affect your family’s health. This makes regular carpet cleaning not only better for your health, but also your wallet. With Carpet Cleaning Stanton specials, you can save on the professional services…
Read More
Rightmove logo
Breaking News

Seven in ten branches now using Rightmove’s insights and training platform

New figures from Rightmove, the UK’s largest property platform, show that seven in ten estate and letting agency branches are making use of its insights and training platform, the Rightmove Hub. This is up from 56% of branches back in 2023. The Hub, first launched ten years ago and recently revamped, has expanded in response…
Read More
Letting Agent Talk

From Fixer-Upper to Profitable Asset: Strategic Renovations for Landlords

Did you buy a fixer-upper? Or maybe you inherited one. Either way, you’re standing in a place with peeling linoleum, a questionable smell, and wallpaper that could file for social security. The big question: Do you patch things up, go full HGTV, or just torch it for the insurance (don’t do that)? First, take a…
Read More
Breaking News

Household Costs Indices for UK household groups: January to March 2025

Household Costs Indices, 12-month growth rates, expenditure shares and contributions for UK household groups and all-households. These are official statistics in development. Main points Overall UK household costs, as measured by the Household Costs Index (HCI), rose by 2.6% in the year to March 2025; this is a fall from 2.9% in the year to…
Read More
Surge in country and seaside property values
Breaking News

Why Rural House Prices Are Surging Faster Than Cities

New analysis from Open Property Group reveals that rural England is facing an affordability crunch, as house prices in the countryside outpace urban growth, despite lower average wages and higher living costs in remote areas. These shifting dynamics are challenging the long-standing assumption that rural life offers a more affordable and sustainable alternative to the…
Read More