ASK Partners’ Post

The recent Autumn Budget emphasises investment, aiming to fuel economic growth and bring stability to the housing and real estate sectors. From changes in business rates and planning reforms to a £5 billion housebuilding pledge, the Budget outlines measures intended to attract investment and support development. However, the effect of the changes has already been noted in the markets, which reacted with some volatility during the course of the budget speech. Kate Topp, partner and head of real estate, outlines the key changes and their potential effects on the UK property market, exploring everything from tax changes to infrastructure investments. Read the full article to learn how these changes might shape the landscape for property investors and developers: https://lnkd.in/e9hAFCVb #AutumnBudget2024 #RealEstate #PropertyInvestment

🏠💼 UK Budget Update for Property Investors – What Does It Mean for You? 💼🏠 The recent UK Budget has introduced several key changes that will impact property investors. If you’re involved in property or thinking about investing, here are a few points you might want to watch: 📈 Capital Gains Tax Adjustments - New limits and rates could affect your net returns, especially on high-value properties. How will this impact your portfolio plans? 🏦 Mortgage Interest Relief - Changes to interest relief might alter tax calculations, especially for higher-rate taxpayers. Are you rethinking your financing strategies? 🏡 Affordable Housing Initiatives - Potential incentives for supporting affordable housing projects—could this open up new opportunities? Let’s get the conversation going! 👇 How are these changes influencing your strategy? Are you shifting focus, holding tight, or exploring other opportunities? #UKBudget #PropertyInvestment #RealEstate

https://lnkd.in/eCuAaNb8 I have just been reading #FTWeekend about #RachelReeves budget. I am sensing her pulling back from previous positions. Clearly taxes will rise and one hopes pragmatism and not dogma will prevail. The #FT article referred to the catch phrase “invest, invest, invest”. I have long argued that the UK political system does little to encourage effective public investment. I have long argued for changes to value for money assessments to look at wider parameters of value. The gate keepers in the #treasury balk at the immediate cost and the benefits are then taken by future governments. Meanwhile only invest which touches #London seem to get the green light. The much maligned north never gets its fair share, let alone enough to level up. If the rules of the game produce the wrong outcome then the rules need to change. Liz Truss decided against the #OBR and I think it is generally accepted as a poor rule change. What will our #ChancelloroftheExchequer do? Well the word on the street is that the definition of balanced #budget will be changed to bring some assessment of investment to the equation. Accountants are used to separating cost from assets. Politicians just deal in cost which is of course nonsense. The public sector has trillions in assets but instead they are recognised as costs. Whatever happens I do hope that additional tax revenues, however unwelcome, is used to build lasting assets and not frittered away on additional costs. This could create a seismic shift to help investment outside of London. A budget to be remembered for the right reasons. I live in hope.

The Australian Federal Government's 2024/25 Budget marks a significant milestone, achieving back-to-back surpluses for the first time in almost two decades. This budget aims to address the pressing needs of households facing cost-of-living pressures and businesses grappling with rising costs. But what does it mean for commercial real estate markets, and for you? Find all the answers in our report, which outlines the key measures that will impact property markets across the country. Read more here: https://bit.ly/4al0l7y #FederalBudget2024 #Budget24 #commercialrealestate Mathew Tiller Tom Donnelly

In advance of the chancellor's Spring Budget a month from today, UK Finance publishes its Budget Submission.... - Encouraging business and retail investment - Enable a thriving housing market for homeowners and renters - Forge a pathway to net zero by 2050, aligned with a just transition Read the full article in the link in the comments... #springbudget #accountancyrecruitment #pavilionrecruitment

High interest rates and high inflation have created a challenging period for commercial real estate but I am really encouraged to see real estate data getting more reassuring with each passing month.   The UK real estate market is showing convincing signs the recovery has finally arrived, and our latest UK Economic & Real Estate Briefing offers positive news for our sector.   👉 Capital values are rising across all property types, showing the UK’s recovery is ahead of Europe.   👉 Rental growth remains strong, and key prime office and logistics sales signal market normalisation.   👉 With constrained development pipelines and positive business surveys, the UK is set for strong returns over the next five years.   Interest rates do remain a key focus, but all eyes are now on the Autumn Budget. Despite the constrained fiscal backdrop, we believe the Chancellor will double down on her determination to boost economic growth and encourage investment, which will be received positively by markets.   Get your copy of the October UK Economic & Real Estate Bulletin here: 

Rachel Reevses - Is it all bluff and bluster or is she on to something. In a significant move aimed at revitalising the UK economy, Chancellor Rachel Reeves has announced a key change to the way government debt is measured, which will free up billions for infrastructure investment. This decision will enable up to £50bn in borrowing to fund critical projects, boosting growth and job creation across the country. However, this won't mean more day-to-day spending or tax relief in the short term, as tough choices on public services and taxation remain on the table. By changing the debt rule, Reeves aims to ensure that investments are validated by the National Audit Office and the Office for Budget Responsibility, giving the markets confidence that these projects will deliver value for money. This shift allows the government to make strategic infrastructure investments while remaining fiscally responsible, a move that could reshape the UK’s future economic landscape. Although public services may face cuts, and tax rises are still likely, this focus on long-term investment is a bold strategy to support sustainable growth. This technical change is about unlocking the UK’s potential while adhering to robust financial oversight. #UKEconomy #InfrastructureInvestment #EconomicGrowth #PublicSpending #FinancialStrategy Source BBC

UK Budget 2024: Housing Market Sector - Our Thoughts What did the Chancellor Rachel Reeves have to say positively about the Housing Market? Take a look at our thoughts here: https://lnkd.in/eBbJXBBa #UKbudget #properymarketupdates #propertytips #housingmarket

At first glance, this year’s Budget contains very little cheer for the real estate sector, however, on closer examination, it includes allocations and provisions aimed at rebuilding investor and business confidence in SA. Our CEO Berry Everitt unpacks the details in our latest blog article: https://bit.ly/42MJAjE #budgetspeech2024 #sabudget #chaseverittinternational