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Government plans housebuilding boom to increase home ownership

Posted: 30th July 2015   In: Residential Conveyancing

The government is introducing a series of measures to boost housebuilding so more young people can own their own home.

The key measures include building discounted homes for first time buyers on all “reasonable-sized” developments, unlocking public land for hundreds of thousands of new homes and supporting small building firms with planning changes.

Prime Minister David Cameron said: “For too long an entire generation has been locked out of home ownership, with home ownership levels amongst 25 to 34 year olds falling from 59% to 36% over the last 10 years.”

To address the problem, various housing schemes, which have already proved successful, will be extended. These include:

The government also wants to help small firms to build more houses by obliging local authorities to make more plots available.

In addition, there will be a series of planning reforms, with local people being given more say on where new homes should go and what they should look like.

The measures will be outlined in the Housing Bill to be introduced in the autumn. We shall keep clients informed of developments.

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

Posted by: Gary Baber
Residential Conveyancing
Berkhamsted Office