House builders shares drop

April 28, 2015

Some of the biggest names in UK housebuilding took a hit Monday on the stockmarket as Labour’s plans to impose tighter rules on landlords emerged.

This drop in housebuilding stocks comes as no surprise, we already have the Labour party threatening a Mansion Tax and the abolishion of Non Dom Staus, now rent caps and what it appears a witch hunt on private landlords. The signals being sent out by Ed Miliband are that of someone who would appear to be in a total state of panic, we are getting policy after policy being promised  but there does not appear to be any rhyme or reason to them.

The private rental sector is ever growing as people increasingly are forced out from owning their own home due to affordability, home ownership has fallen to its lowest level for 30 years, more controls on the private rental market will only add to reducing the availability of rented accomodation.

Conservative housing minister Brandon Lewis was quoted as saying: “Rent controls never work – they force up rents and destroy investment in housing leading to fewer homes to rent and poorer quality accommodation.”

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Home and Living

Why Walk-In Baths Can Enhance the Value of Your Home and Property

Walk-in baths are becoming an increasingly popular feature in modern homes, and for good reason. With an ageing population, a greater emphasis on accessible design, and a desire for luxury upgrades, walk-in baths offer both practical and aesthetic advantages. Beyond their health and convenience benefits, they can also significantly enhance your property’s value. Increased Accessibility…
Read More →
Rightmove logo
Breaking News

Prices reach new record despite more subdued late Spring market

New seller asking prices rise by 0.6% (+£2,335) this month to a new record of £379,517. However, this month’s seasonal price increase is the lowest at this time of year since 2016, as the decade-high number of homes for sale limits price growth The traditionally strong late Spring market is more subdued following a busy…
Read More →
Home and Living

Choosing the Perfect Wooden Fence for Your Backyard

Looking to transform your backyard with a beautiful wooden fence? You’re not alone. Many homeowners in Dane County find themselves overwhelmed by the sheer variety of wooden fence options available today. As a wood fence company in Dane County, Solid Fence Co. has helped countless property owners navigate these choices to find the perfect backyard…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker

Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.61% -0.02% -0.80% 5-year fixed 4.59% -0.01% -0.42% Lowest rates for 2-year and 5-year fixed-rate mortgages Term Lowest rate Weekly change Yearly change 2-year fixed 3.72% +0.00% -1.03% 5-year fixed 3.78% +0.00% -0.56% Average fixed-term mortgage rates for…
Read More →
Breaking News

Spotahome Bags €5 Million to Grow Its Game-Changing Rental Platform

You’ve just landed a new job in Berlin. Exciting, right? Except now you’re stuck halfway across the world, scrolling through sketchy listings, trying to rent an apartment you’ve never seen from someone you don’t trust. It’s stressful, confusing, and, honestly, pretty common. That’s the exact problem Spotahome was built to solve, and they’ve just raised…
Read More →
Rightmove logo
Breaking News

Increase in US buyers enquiring about homes for sale in UK

New analysis shows an increasing number of people from the United States have been enquiring about homes for sale in the UK since the start of the year: There’s been an 19% increase in enquiries from the US to the UK compared to last year, and the highest number since 2017 The majority (47%) of…
Read More →