How the Autumn Statement might impact the property market - Property Reporter

Mitchell Walsh, CEO at Integritas Property Group explores what the Autumn Statement is likely to have in store and uncovers what it means for the UK property market.

After almost four months in power, the new Labour government will unveil its latest plan for UK spending in Chancellor Rachel Reeves’ first Autumn Statement on 30 October 2024.

With potential changes to property taxes and regulations that could have notable impacts on homeowners, investors, and landlords on the horizon, the announcement is generating significant interest in the UK property sector.

For the broader property market, the Autumn Statement comes at a time when the UK housing market is cautiously recovering.

After a volatile 2023, house prices have stabilised, with modest growth expected for 2024. In fact, Knight Frank predicted a 3% rise in property prices this year, with regions like London showing particular resilience.

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