The Chancellor announced a raft of proposals to kick start the housing market in the Budget of 2013. It remains to be seen if this will have the desired effect or lead to an undesirable increase in property prices. This could then detract first time buyers from getting their foot on the housing ladder. However, perhaps the hard times we’re in will prevent this from happening, only time will tell.
In the meantime, the Construction industry will no doubt welcome any help in encouraging the housing market and thus secure jobs in the construction sector
Further details of how all the schemes are to work are still not entirely clear but follow the link above to the Government website for information of what is known so far.
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