We had a look at the UK Autumn Budget for 2024…
Here’s what you should know if you're looking to buy in the UK.

Capital Gains Tax

• Good news! No changes to capital gains tax on property sales.
• Expect a steady supply in both sales and lettings markets.

Impact on First-Time Buyers

• Heads up! Higher stamp duty rates for first-time buyers will kick in from April 2025.

Buy-to-Let Changes

• Important: The second property stamp duty is going up from 3% to 5%.
• Landlords might need to adjust rents to keep up with these changes.

Market Forecast

• What to expect: The OBR predicts slow but steady growth of 1-2% annually over the next five years.
• Inflation is expected to hover around the government’s 2% target, creating a stable environment for property investment. 

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