In this special post-budget episode of the Scottish Property Podcast, we’re joined by returning guest Adam Lawrence to break down the recent UK budget announcements and their potential effects on the Scottish property market. With insights into tax changes, inflation, interest rates, and market trends, Adam shares his expert analysis on what investors and property owners should expect in the coming months. If you’re navigating the shifting property landscape, this episode is packed with actionable information and predictions for the year ahead. Episode Highlights: Budget Recap and Key Changes: Adam discusses the new National Insurance tax hike for employers and how it will impact small- and medium-sized businesses, especially those in real estate and property management.The conversation delves into capital gains tax adjustments and the additional dwelling supplement, analysing how these changes could affect property investors across Scotland. Impact on Inflation and Interest Rates: With rising inflation and interest rates now around 5%, Adam explains the budget’s role in potentially stabilising these figures.Predictions for upcoming interest rate cuts are explored, and Adam shares his outlook on how these could influence property prices and demand. Rental Market Insights: Adam provides an overview of the rental market in Scotland, where rent caps and tenant legislation are adding complexity for landlords.He discusses the ongoing demand for rental properties and the implications of these policies on rental rates, tenant security, and long-term property investment strategies. Property Tax Changes: The episode explores how the additional dwelling supplement increase to 5% for English properties aligns with Scotland’s 6% rate, potentially levelling the playing field for cross-border investors.The team discusses whether this will impact investor interest in Scottish properties compared to English markets. Predictions for 2024 and Beyond: Looking to the future, Adam shares predictions for property demand, inflation, and government policy changes impacting the Scottish housing market.He offers advice for property investors on managing portfolios in the current economic climate, including tips on dealing with regulatory changes and finding growth opportunities. Tune in to hear Adam Lawrence’s expert insights on navigating the property market post-budget, with valuable advice on managing investments in a changing landscape. Follow Adam Lawrence on Instagram and also listen to his podcast, Propenomix. ---------------------------------------------------------- Prime Property Auctions – Sell your property with no upfront costs and control the reserve price. 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/ ------------------------------------ Follow us on all of our social media accounts: https://linktr.ee/scottishpropertypodcast **DISCLAIMER**Please do your own due diligence on any of our guests you may decide to do business with. We interview in good faith. However, we cannot be held responsible for any credibility issues that may arise. 🤝 Visit one of our monthly networking meet-ups. We run them on the 1st Wednesday of each month and have some fantastic guest speakers.🎟 Book your place at the networking events here ⭐️⭐️⭐️⭐️⭐️ Hope you find content useful and we would really appreciate it if you could leave a review on Apple podcasts or Spotify. Connect with us on social media:🔗 Join our private Facebook group 🔗 Follow us on Instagram 📩 Email us: Steven@steven-clark.com Nick@arcproperty.uk
