Housing announcements in the Autumn Statement

The Chancellorÿ announced yesterdayÿ in the Autumn Satement a new œ2.3 billion Housing Infrastructure Fund to deliver up to 100,000 new homes in areas of high demand and a further œ1.4 billion to build 40,000 additional affordable homes, also another œ1.7 billion by 2020-21 will be used to speed up the construction of new homes on public sector land.

Shares in housebuilders were down yesterday, including Persimmon, Barratt Dev and Taylor Wimpey.

He also announced a large-scale regional pilot of Right to Buy for housing association tenants, as well as continued support for homeownership through the Help to Buy Equity Loan scheme and the Help to Buy Isa.

The Chancellor also confirmedÿ fees will no longer be charged to tenants from letting agents as plans have been revealed to ban them in the near term.

Foxtons and Belvoir Lettings share prices finished down yesterday.

This Autumn Statement was the first and the last for Philip Hammond, he announced to the House of Commons that he was abolishing the Autumn Statement, he said “No other major economy makes hundreds of tax changes twice a year and neither should we”.

Read the Autumn Statement in full on the Gov.UK website click here

 

 

 

 

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Love or Hate Rightmove
Breaking News

Rightmove comment & mortgage rates ahead of Spring Budget tomorrow

Matt Smith, Rightmove’s mortgage expert said: “The relative stability of the mortgage market at the start of this year appears to have helped give more movers confidence. However, ahead of the Spring Budget tomorrow, demand has been slowest to pick up in the typical first-time buyer homes sector. After demonstrating resilience and determination last year, the…
Read More
Breaking News

Breaking Property News – 04/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Spring Budget – what has Jeremy Hunt got in store for the property sector? Two important things happen this coming Wednesday the 6th of March at 12.30pm, Zara my co-director goes for her six weekly groom, and the Chancellor of the exchequer Mr Hunt…
Read More
Software & Tech

Color Prediction Games and the Role of Emotional Intelligence in Success

Color prediction games, often celebrated for their dynamic and visually engaging nature, require more than just strategic thinking. The role of emotional intelligence in these games is a crucial factor that can significantly impact a player’s success. In this article, we explore how emotional intelligence comes into play in color prediction games and influences the…
Read More
Breaking News

Breaking Property News – 01/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Table of ContentsHide Alto reveals ‘next generation’ of Lettings Progression Birchgrove and Hybr launch intergenerational living scheme Laura Hamilton to present Guild Awards at the Annual Guild Conference   Alto reveals ‘next generation’ of Lettings Progression Alto, software for estate agents and part of…
Read More
Breaking News

Breaking Property News – 29/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Laura Hamilton to present Guild Awards at the Annual Guild Conference The Guild of Property Professionals is thrilled to announce that Laura Hamilton, renowned TV Presenter, Property and Travel Expert, and Entrepreneur, will be presenting the Guild Awards at the Annual Guild Conference and…
Read More
Breaking News

Breaking Property News – 28/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Birchgrove and Hybr launch intergenerational living scheme A unique partnership will see students, key workers and retirees live together at new north London retirement development. Birchgrove, the UK’s leading provider of rented retirement homes, and Hybr, the UK’s leading student letting platform, today announce an industry-first…
Read More