Doug Crawford, CEO of My Home Move, comments on today’s Autumn Budget announcement on housing
November 22, 2017“The Chancellor has pledged to make the dream of home ownership a reality for all generations, and scrapping SDLT for first-time buyers will undoubtedly be welcomed whole-heartedly by those struggling to get onto the property ladder.
“However, Britain needs to build, and while a new funding package for UK property development is a stride in the right direction, it will only help tackle our housing crisis if it is invested in the right places. The UK has been scraping the bottom of the barrel for affordable housing stock over recent years and it is vital that increased investment is used wisely to tackle such depleted supply.
“My Home Move’s research has found that 57% of aspiring buyers remain confident about their chances of getting on the housing ladder. With many now due to see decreases in stamp duty it is now up to the UK’s housebuilders to ensure such healthy demand is met with healthy supply.”