Bmor

💡 Industry Insights 💡 Rachel Reeves plans to maintain the current capital gains tax (CGT) rate on second homes and buy-to-let properties, despite likely increases in CGT for other assets, such as shares. The decision aims to avoid dampening property transactions, a concern highlighted when the recent rate cut boosted revenues by nearly £700 million. A report indicates that nearly 50% of all CGT stems from asset sales like shares, while property sales contribute just 12%. Government discussions suggest that increased CGT could lead to asset sales deferrals, potentially affecting revenue streams. 💷 As Reeves considers £40bn in tax rises and spending cuts to prevent austerity, experts like Stuart Adam from the IFS stress the need for CGT reform, suggesting structural changes could yield more effective revenue increases than headline rate hikes alone. Do you think structural tax reforms are a better solution than rate increases alone? 🤔 #IndustryInsights #PropertyEye #CapitalGains #TaxReforms #SecondHomes https://lnkd.in/eBeu-KPV

* CONSORT MEWS * We are delighted to announce that we have now accepted an offer on the final plot at Consort Mews, with the last two remaining plots going in the last two weeks!💪 We thoroughly enjoyed working with Trilogy on this project; be sure to visit our page regularly for other sales & lettings opportunities - if we can help you find your dream home, please reach out! 👀🏠 #LondonRealEstate #Partnership #SalesAndLettings #ForeverHome

The housing sector faces challenges, with government targets missed for over a decade. Labour’s 1.5 million homes goal faces obstacles, and changes to affordable housing delivery could impact social housing supply. Housing associations are under pressure, especially to support the most vulnerable. We’re continuing to work closely with housing associations to deliver much-needed homes. Positive collaboration is key to progress. 🤝🏘️ #HousingCrisis #AffordableHousing #SocialHousing #BuildingCommunities #HousingForAll

This time last week, our Director Paul Irwin attended the Alternative Real Estate Advisors breakfast conference, which provided forensic insight into the alternative real estate sector as well as the state of UK politics. Particularly enjoying a perceptive keynote speech, focusing on the UK’s current economic and political challenges and prospects post the General Election, Paul had a lot to share with the team! Looking forward to the next one! 😊 #AREAConference #AlternativeRealEstate #Conference #London

💡 Industry Insights 💡  An insightful article from Knight Frank discusses the UK's property market in autumn 2024, noting that mortgage rates have dropped below 4% and financial markets anticipate further rate cuts, primarily due to uncertainty around potential tax changes. In summary, sellers are moving faster in anticipation of tax changes, while buyers remain cautious, waiting to see the full impact of the Budget. 🏠 Here's how it may affect sales: 1. Increased Seller Activity 📈 : Sellers, especially second home-owners and landlords, are motivated to sell before the Budget due to fears of higher capital gains tax (currently 24% for higher-rate taxpayers). 2. Buyer Hesitancy 📉 : Concerns over possible tax changes (such as inheritance tax and pension tax relief reforms) and broader economic impacts are affecting buyer confidence. 3. Potential Market Boost After the Budget💥 : If the Budget turns out to be less "painful" than expected, it could trigger a "relief bounce," where buyers regain confidence and market activity picks up. #UKPropertyMarket #MortgageRates #Tax #Buyers #Sellers #AutumnPropertyForecast https://lnkd.in/eb7d_fue

Philipp Von Matuschka & Bertie Griffiths MRICS thoroughly enjoyed attending the Residential Development Planning Conference this week, hosted by LD Events Property. In particular, the Viability Session, which explored key issues following the arrival of a new government and the Levelling Up & Regeneration Act.🏛️ Looking forward to the next one! 😄 #LDEplanning #UKResiPlanningConference #Viability #Regeneration #ConferenceFun

We are excited to introduce Bertie Griffiths MRICS as our newest member of the Bmor team! Bertie, who is a chartered project manager and a member of the RICS, has joined us as a Development Manager and will play a crucial role in managing the delivery of high-quality, design-focused mixed-use development schemes. His expertise in both the self-delivery of smaller schemes and collaboration on larger projects will be invaluable to our team; we are looking forward to the innovative contributions he will bring to our projects. #BmorTeam #DevelopmentManager #Development #GrowingTeam

Another throwback, this time to an amazing afternoon of rounders at Regent's Park, hosted by Trigon DM last month! ⚾🏆 It was a fantastic event with all proceeds going to Poppy's Fund, a charity dedicated to enhancing maternity wards at Queen Charlotte’s & Chelsea and St Mary's hospitals. Poppy's Fund supports specialist equipment, bereavement counselling, facility improvements, and staff training to better assist families in need. #CharityEvent #Fundraising #HealthcareSupport #CommunityEngagement #TrigonDM #Rounders

Thinking back to our invigorating exercise & networking morning at BXR London back in March... Who’s ready for another challenge? 👀💪 #Networking #SweatByBXR #BXRMarylebone #CompanyNetworking #Exercise

We always love office visits from our paw-some friends! Meet Bobby, Emma's sweet (& very vocal) son 🐶 😄🤎 #OfficeDog #FurryFriends #Pawsome