New Government Changes To Short Term Rentals

property investors network Podcast

In today's podcast, Mark delves into the latest developments surrounding short-term rentals.
A significant policy shift has been announced by the government, mandating planning permission for properties rented out for over 90 nights per year. This measure aims to curb the proliferation of short-term rentals, potentially intensifying the challenge for residential buyers grappling with escalating property prices.
Mark anticipates an influx of new rules and regulations, especially if obtaining planning permission to transition a property from a C3 residential planning class to a C5 class becomes more arduous, particularly under the potential implementation of Article 4.
The introduction of Article 4 signifies potential complications in converting property usage, presenting formidable obstacles in switching from one classification to another.
Amidst these changes, the perennial question arises: Is now the opportune moment to venture into the realm of Serviced Accommodations (SA)? Mark offers a resolute response, asserting that, despite the evolving landscape, this may indeed be an optimal time to make strategic moves in the property market.

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