Comment from Offa on the Autumn Budget

Chancellor Rachel Reeves has unveiled the long-anticipated budget, but what does it mean for the propery market?

Amir Firdaus, Chief Financial Officer at Offa, says “It is not hard to see why property is the asset class of choice for Muslims, and increasingly for many British people hoping to invest in their future.

“The Chancellor’s double-whammy of a £2,000 cap on salary sacrifice pensions before national insurance applies and an £8,000 cut in the Cash Isa allowance for people under 65 years old means that more people than ever will be choosing now to invest in property. So this is bad news for savers and all of us contributing to our pensions but good news potentially for the property market.”