£11.5bn affordable homes pledge sparks cynical reaction – Autumn Budget
This was originally announced by former housing minister Robert Jenrick in September last year.
Land & New Homes
Autumn Budget: Developers hit by 4% tax to remove cladding
The Residential Property Developer Tax (RPDT) will see developers with annual profits of over £25m being taxed at an additional rate of 4%.
SME builders plummet 80% since the late 80s
Sirius blamed the reduction of SME housebuilders on red tape barriers around finance and planning.
The North East the most affordable new build market
At a local authority level, the most affordable new-build market in England is Hyndburn, Lancashire.
Autumn Budget wishlist: Green Energy, Evictions, Planning and Downsizing
We summarise some of the main hopes and demands from property experts.
Budget: Government to build 160,000 homes on brownfield sites
£300m of grant funding will be handed to metro mayors and councils to unlock smaller brownfield sites for housing.
Detached homes at near-peak popularity
36% of new homes registered to be built were detached in Q3
Housebuilding hit by material shortages for 6-12 months
Housing construction will be affected by a shortage of materials for at least six to 12 months, Capital Economics has forecast.
Property sales spike ahead of September stamp duty deadline
September was the last month homeowners could save some money on stamp duty.
Modular builder to construct homes for East Sussex site
Subject to planning consent, the development will deliver a mix of apartments and houses with one to four bedrooms – all of which will be made available for either affordable rent or shared ownership.
