Annuities Changes will allow individuals to take charge of their pensions over the next year, as new rules are implemented enabling retirees to create their own pension income. I would expect some wealthier individuals to look for buy-to-let property hoping to achieve a buy-to-let rental income; with the added benefits of the long-term prospect of capital growth which will, unlike annuities, be able to be inherited by the family.
This could increase demand for buy-to-let over the next 12 months as the measures are introduced.
Housing Market Stays Open
The Government have published the rules to the new national lockdown confirming that the housing market will remain open and home moves can still go ahead.