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With Andy Burnham now one step further up the political ladder, attention is inevitably turning to what a possible Burnham premiership might mean for the UK property market.
At Tuckerman, we try not to get drawn into political speculation for the sake of it. Property markets are shaped by far more than personalities alone. Interest rates, supply, taxation, regulation, wage growth, global confidence and buyer sentiment all play their part.
However, when one of the favourites for the Labour leadership has such a clear record on housing, renting and regional growth, it is worth asking the question: what might his approach mean for homeowners, landlords, buyers and sellers?
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For decades, leasehold reform has occupied a curious position in British politics. Universally criticised, endlessly debated and repeatedly delayed, it has become one of those rare issues capable of uniting almost everyone, from frustrated first time buyers in Manchester to billion pound landed estates in Belgravia.
Now, however, the direction of travel is becoming unmistakably clear.
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The Q1 2026 property market has felt steady rather than spectacular. Activity has not stalled, but both buyers and tenants have become more selective. The strongest common theme across the latest TwentyCi, Rightmove and Zoopla data is that supply has improved, affordability remains under pressure, and success now depends far more on pricing and presentation than it did during the more frantic markets of recent years.
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Westminster City Council has introduced an updated Code of Construction Practice, coming into effect in 2026, which sets out stricter rules for how building works are carried out across the borough.
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March has seen the Pimlico and Westminster property market continue to demonstrate a steady and measured performance. While global headlines and ongoing discussion around interest rates have created an uncertain backdrop, activity across both the sales and lettings markets has remained resilient. In this month’s update, we look at what buyers, sellers, landlords and tenants are doing locally, and the key trends shaping the property market across Pimlico and Westminster.
