It would fair to assume that much of the property industry was positive about last week´s Autumn Statement, welcoming the range of proposed measures such as the acceleration of housebuilding on public land, relaxing restrictions on grant funding as well as the continuation of right to buy extensions for social tenants and the Help to Buy Equity / ISA schemes. As exemplified by recent DCLG data, in a housing market that is evidently failing to cater to all sections of society, many argued that the government had little choice but to cave into the rising tide of social pressure and support a more universal building cycle. £1.4 billion will therefore be used to initiate 40,000 housing units by 2020-21 alongside a £2.3 billion fund to deliver infrastructure for up to 100,000 new homes in “areas of high demand”. In addition to plans … [Read More]
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Property Investor Factfile