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Osborne budget leaves important questions about the right to buy. Photo: Graeme Robertson
This year, the Government has talked about ways to combat the increasing problem of a generation not join the housing ladder position. I hope that these words are a sign that it has recognised the importance of the House as a measure of financial security, as also their impact on the personal life of the nation.
The budget, but added some more details to the plans already created and some left important questions still unanswered.
George Osborne, the Chancellor has allocated an additional £ 150 m to the Fund get Britain building confirm the commercial loans and investments in new housing estates which have been ground to a halt for financial reasons. This is undoubtedly a step in the right direction for the industry and the country as the demand for adequate and affordable accommodation is growing while time for developers remain extremely difficult.
I welcome also the announcements on the NewBuy schema, an initiative expected to be 100,000 property take the first step on the ladder help. This is one I am looking forward, forward; as a sector, we know already to help the advantage of first-time buyers with their mortgages. For those, but not to be able to buy their first home is this type of financial assistance, which really makes a difference.
But the resurgence of right-to buy policy raises more questions than he answered. Housing waiting lists in the millions households Council could sell off Britain’s housing stock those disadvantage whose need is greatest. There are questions on the basic economics of the system, which is set up to £ 75,000 to offer tenants search discount to purchase their properties.
I also fear that a large hole in regeneration remains funds to kick-start, the labour market and the development of new houses. As a sector, we do our best, this address, but it is a hard road to travel – especially in areas where infrastructure is needed.
So while budget 2012 questions unanswered has left, we must continue the case to make Government, the housing can a genuine engine for growth in the economy.
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