Announcement to build 300,000 homes a year in the UK expected in Autumn budget.

New homes will be high on the agenda in this weeks budget according to speculation and comments from the Chancellor Philip Hammond, it is expected  he will announce plans to build 300,000 homes a year in the UK.

The chancellor is also expected to announce new powers for local councils when it comes to planning to get small housebuilders developing small plots of land, however green belt land should remain protected. The building of new roads to serve new plots of land and transforming polluted industrial sites into locations for building homes are also some of the measures to be promised.

It was only just last week that The Rt Hon Savid Javid MP, the Secretary for State gave a speech on the UK Housing market which in part he said:

“Because this is a government that is getting things done.

A government of deeds, not words.

We’ve doubled the housing budget to deliver a million more homes, including hundreds of thousands of affordable ones.

We have reformed planning rules, leading to record levels of planning permissions being granted.

We have fought bureaucratic inertia and vested interests and we have freed up unprecedented levels of public sector land.

We’re providing hundreds of millions of pounds of finance for small and innovative builders to accelerate construction speeds.

And tens of thousands of derelict homes are being brought back into use…

The list goes on and on”.

Read the speech on the UK Housing market given by the Secretary for State 16th November 2017 in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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