The Prime Minister’s resignation, a high-profile sacking and a raft of new appointments have given the ruling Conservative party a brand new look.
New faces in the Government’s housing departments come at a critical time for the property industry, with a number of new rules, regulations and laws waiting to come into force. The sacking of Michael Gove was the start of a completely different MP line-up, with the outgoing Secretary of State for the Department for Levelling Up, Housing and Communities (DLUHC) replaced by Greg Clark.
In addition, Marcus Jones has been installed as the new Housing Minister after the resignation of Stuart Andrew, while Lord Greenhalgh, the representative responsible for overseeing the DLUHC’s business in the House of Lords, also handed in his notice.
While the ministerial changes are part of a wider bid to freshen up the Conservative party ahead of a possible snap general election, there could be imminent changes to the way we buy, sell, rent and invest in property as a result. Here are four watchpoints for the property market:-
For now, the property market continues as normal. Please contact us if you are ready to sell or let your property.
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