Friday, 26 March 2010

A Boost for Housebuilders!

The Home Builders Federation (HBF) has declared this week’s stamp duty announcement to be a “huge boost” to the house building industry.

First time buyers are crucial to the housing market, and raising the stamp duty threshold to £250k will enable more to save the high deposits currently being demanded by mortgage lenders.

The HBF recently identified a looming housing shortfall of approaching a million homes, and urged MPs to address the barriers to building new homes.  Part of the package of measures announced this week is a requirement for Local Authorities to identify more land for development, which is one such barrier.

According to the HBF, increasing housing delivery will benefit every area of the country and;

- Create hundreds of thousands of jobs
- Provide enough homes for our population
- Remove millions from poor quality living conditions
- Stimulate the economy.  £1 spent generates nearly £3 in economic activity

Read more on the HBF Website


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