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ARTICLE · 07 DECEMBER 2023

King's Speech 2023: Real Estate Update

Myerson Solicitors LLP
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We have previously discussed the King's Speech with regard to its proposal to introduce an independent football regulator. Under the tagline 'strengthening society', the King's Speech 2023...

United KingdomReal Estate and Construction
Myerson Solicitors LLP
Myerson Solicitors LLP

We have previously discussed the King's Speech with regard to its proposal to introduce an independent football regulator. Under the tagline 'strengthening society', the King's Speech 2023 also outlined two landmark bills introducing fundamental changes to the real estate landscape in England and Wales.

Our Property Litigation team will explore the effects of these two bills: the Leasehold and Freehold Bill and the Renters (Reform) Bill.

Leasehold and Freehold Bill

This bill is intended to 'reform the housing market by making it cheaper and easier for leaseholders to purchase their freehold and tackling the exploitation of millions of homeowners through punitive service charges'. In practice, the bill is set to bring about the following changes:

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