Description

In this episode, Nick, together with Mark Shanta, dives into the Scottish property market, covering monthly updates, government policies, and their impacts on landlords and investors.

Episode Highlights

Impact of UK Election on Scottish Housing

• Discussion of the upcoming UK election on July 4.
• Explanation that housing policies are devolved to the Scottish government, with elections set for 2026.
• Predictions on a potential shift in Scottish politics if Labour wins the UK elections.

Scottish Government Policies

• Critique of SNP's handling of rent controls and emergency legislation.
• Speculation on Labour's potential governance in Scotland post-2026 elections.

Section 24 and Landlord Challenges

• Discussion on Section 24, preventing landlords from claiming mortgage interest as a tax deduction.
• Impact of Section 24 on small landlords and the rental market.
• Comparison of SNP's policies and UK-wide policies affecting landlords.

Housing Market Dynamics

• Discussion on housing supply and demand issues leading to increased prices.
• Institutional investors like Blackstone buying properties due to high demand.
• Call for more housing stock and government incentives for building.

Government Blunders and Temporary Housing

• Discussion on Glasgow's expenditure on temporary accommodation due to housing shortages.
• Inefficiencies and the need for better allocation of resources to build affordable housing.

House Price Statistics and Market Trends

• Latest land registry stats show a 4.5% annual price increase in Scotland.
• Local market trends and predictions on house price stability.
• Impact of supply and demand on house prices.

Rental Market Insights

• Report on the slowing pace of rent increases.
• Observations on current rental market trends and tenant demand.
• Discussion on rental market dynamics and pricing strategies.

Challenges and Experiences in Property Sales

• Personal experiences of the hosts in property sales.
• Instances of price negotiations and challenges faced with solicitors and buyers.

Future Outlook and Planning Policies

• Need for better planning policies to incentivize building and regeneration.
• Discussion on the potential impact of future elections on housing policies.

Follow Mark Shanta on Instagram: www.instagram.com/mshanta5
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Prime Property Auction: www.instagram.com/primepropertyauctions

John: www.instagram.com/john_property_auctioneer

Luis: www.instagram.com/luis_property_auctioneer

Visit Prime Property Auction website: https://primepropertyauctions.co.uk/

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