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Autumn Statement outlines measures to build more homes

Posted: 20th December 2016   In: Residential Conveyancing

The Autumn Statement by Chancellor Philip Hammond set out a series of measures to boost house building and provide more homes.

The government plans to invest more than £7 billion, which will effectively double the capital spending on housing over the course of this parliament.

The latest official figures show that housebuilding is at its highest level in more than 8 years. Housing completions are also holding up strongly, and have increased by 7% compared with the same quarter a year earlier.

The further investment announced by Mr Hammond includes:

Communities Secretary Sajid Javid said: “With a doubling in capital spending, we are injecting the stimulus the market needs for a step change in the number of homes being built in the places people want to live - both in this parliament and beyond.”

Please contact Gary Baber or Eugene Pritchard if you would like advice about the legal aspects of buying or selling a home.

 

Posted by: Gary Baber
Residential Conveyancing
Berkhamsted Office