© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
In light of the recent Labour Party landslide victory in the UK general election, James Needham, Director; Perry Jax, Marketing Manager; and Matthew Fawl, MD of Alesco — a leading property investment company, have provided their insights below surrounding what will the new Labour government mean for the housing industry?
"Labour renews the Tories pledge of building 300,000 homes per year through the next parliament, an ambitious target which the Tories failed to meet.
For Labour to be successful with this housing policy, they must look at areas of tenant demand, which continues to outweigh supply, and focus on locations where demand and economic benefits go hand in hand – an approach echoed by think tank Centre for Cities.
While it’s important Labour develop a substantial number of affordable and social housing to replace what’s been sold off through the right-to-buy scheme, they must not neglect private landlords who play a vital role in keeping the market growing. A promise to not increase Capital Gains Tax is a good indicator, though an increase to stamp duty surcharge for non-UK residents could stifle the UK market’s global appeal.
Opening up the newly formed ‘Grey belts’ and prioritising brownfield sites for new developments while promising to speed up the process to approval should start Labour off on a good course to deliver, providing they choose to stick to the pledges outlined in their election-winning manifesto."
- Perry Jax, Marketing Director, Alesco.
“As a general observation, the past three elections have resulted in a significant boost in property prices immediately afterward. The primary factor driving this trend is the stability provided by having a government securely in place for the next five years. This assurance fosters confidence, reduces concerns about political unrest, and promotes a consistent policy-making environment.”
“Introducing fresh faces and a renewed focus, the party aims to elevate the UK back to the forefront of the global economy. Their strategy includes easing planning restrictions to facilitate property development and abandoning previous rent cap plans. They continue to prioritise local area regeneration projects, maintaining their tradition of driving economic growth in regional areas.”
- James Needham, Director, Alesco.
“I believe the UK needs a period of stability from Labour. With a clear five-year plan, the property market will inevitably rise once again.”
- Matthew Fawl, Managing Director, Alesco.