Housing, as expected, was front and centre of yesterday’s budget and the removal of stamp duty for most first time buyers dominates today’s headlines. In our view, this will make a difference (despite a very pessimistic analysis by the OBR) but it does not address the chronic undersupply of affordable housing in England. An additional £15bn has been made available with the intention of doing just that by stimulating supply of new housing to a level not seen for almost 50 years. If this is to be ....
23 Nov 2017
N+1 Singer - Housebuilding - Weighing up the housing budget
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N+1 Singer - Housebuilding - Weighing up the housing budget
Housing, as expected, was front and centre of yesterday’s budget and the removal of stamp duty for most first time buyers dominates today’s headlines. In our view, this will make a difference (despite a very pessimistic analysis by the OBR) but it does not address the chronic undersupply of affordable housing in England. An additional £15bn has been made available with the intention of doing just that by stimulating supply of new housing to a level not seen for almost 50 years. If this is to be ....