17 Oct 2014

Labour promises new homes for locals

Insights, Property, Publications

‘Under a future Labour government, local first-time buyers would be given priority on half of all the new homes built. Ed Miliband will announce that under Labour plans local authorities would be forced to draw up housing plans and allocate enough land to meet demand and they would be able to reserve 50% of the new homes in “housing growth areas” for local first-time buyers. Local authorities would also have powers to stop new homes being sold for buy-to-let or to be left empty. Labour’s blueprint would also allow some Green-Belt building, but only through “land swaps” so there was no overall loss of protected land.’

Source: The Independent