East Midlands - Derbyshire, Nottinghamshire and Lincolnshire Regional Meetings

  • Belton Woods, NG32 2LN - Wednesday 15th January 2020 12:00 - 15:00
    Spaces available
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  • East Midlands TBC - Wednesday 23rd September 2020 12:00 - 15:00
    Spaces available
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FREE FOR MEMBERS

Meetings are open to everyone, however as spaces are limited booking is essential. For non-members it's £15 +VAT to attend.

OTHER REGIONS

We hold Regional Meetings across the UK and throughout the year so you can always attend a meeting in another area. More info....

Nicol Nightingale

Nicol Nightingale
ARLA Propertymark Regional Rep

Contact

January 2019

Quote mark

Regional round-up

'Many working in property will tell you it feels like the industry is constantly under attack. While it is well documented that we’re currently experiencing a housing crisis in the UK with an unmet need for rental housing, (The Resolution Foundation predicted earlier this year that one in three British millennials will never own their own home!), it seems on a regular basis new challenges are coming from all sides.

'Investor Landlords were the first casualties, with the additional three per cent stamp duty on buy to let properties in 2016, followed by the attack on landlord profits with the introduction of Section 24 in 2017, the phased reduction on tax relief on mortgaged properties. This made life increasingly difficult for smaller investor landlords and in many parts of the country they’re selling up.

'The latest budget turned its attention to “Accidental Landlords” who found themselves renting a home they previously lived in due to a change in circumstances. Currently “Accidental Landlords” looking to sell pay Capital Gains Tax on financial gains made on the property minus private residence relief, which is applicable for the time the landlord lived in the property and the final 18 months of ownership, but from April 2020 this is reducing to just nine months.

'In a double whammy, at the same time Lettings Relief, providing up to £40,000 tax relief (or £80,000 for a couple) to those renting out a home they previously lived in, is being abolished for all landlords, except those sharing occupancy of the property with a tenant. However, it isn’t all doom and gloom, here in the East Midlands the property market is holding its own, with positive figures on both the sales and lettings front.

'Hometrack recently reported that whilst house prices in London decreased by 0.4 per cent in the last year, Leicester saw the highest price growth at a staggering 7.7 per cent and Nottingham came in fifth at a healthy 6.1 per cent. On the rental side, landlords in the region saw average rents increase by 1.6 per cent, and rents are likely to increase further as an “unintended consequence” of the imminent tenant fee ban'.

 

ExCeL London

25th ARLA PROPERTYMARK CONFERENCE

LONDON

The ARLA Propertymark Conference and Exhibition celebrates 25 years with a very special line up. It is the largest event in the private rented sector and a firm fixture for suppliers wishing to network with the cream of the industry. More info...

EARLY BIRD RATE
ends: 24 January 2020

Date: 24 March 2020
Venue: ExCeL, E16 1XL
Members: £175.00 +VAT
Non-members: £225.00 +VAT

Register!