The UK public is renowned for its love of buying real estate. On a daily basis at Market Financial Solutions we see the appetite among investors for fast bridging loans to buy a property – and with demand from buyers remaining strong, it is vital that the long-term future of the country’s hugely valuable property sector is protected.
At present, the on-going political manoeuvrings surrounding the country’s departure from the EU are having knock-on effects in many industries, not least the UK’s property sector. Indeed, as part of this month’s cabinet reshuffle, Dominic Raab left the position of Housing Minister and was appointed as the new Brexit Secretary; as a result, Kit Malthouse was named as Raab’s successor, making him the 17th Housing Minister since 2000. The timing of this appointment could not be more critical – demand for real estate is outpacing supply, and this is creating challenges for prospective buyers, homeowners and seasoned investors.
As Malthouse enters his new position, Market Financial Solutions set about uncovering the policies and reforms that the public would most like to see the new Housing Minister introduce. Having surveyed an independent sample of more than 2,000 UK adults, MFS’ new report – ‘UK Real Estate Reforms: The UK’s Most Popular Property Policy Ideas’ – reveals the most attractive initiatives the UK would like featured on the Government’s agenda for the country’s real estate market.
Recently featured in the FT Adviser, the findings of this timely and insightful research are broken down into three different demographics, unveiling exactly what renters, homeowners and property investors would like to see the Government introduce.
This report demonstrates the public’s clear desire to have new laws introduced to prevent gazumping, and in turn, reduce the risk of a property chain collapsing. Furthermore, although there is a difference in policy preferences between UK renters and those who own multiple properties, there is one common factor binding both of these groups together; namely, targeted action to ensure property remains accessible, supported by a legal framework that encourages people to access real estate opportunities.
Click here to read all the findings from our latest research.
To find out more about MFS’ new report, or how specialist finance can be used to support your next property investment, speak to a member of the MFS team today.