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UK Government Actions on the Property Market

The Government announced a support of almost £23 million for communities. This budget is to be used to develop Neighbourhood Plans until 2022.

What should come out of this move after the entire period?! The type of local growth the British Government is encouraging targets new buildings and homes, parks and other type of green spaces, offices, and shops.

Details upon the outcomes in this article below on Property Wire.

£23 million announced to help communities have a say in new housing

The pro-active moves of the Government however do not compensate on the lack of active involvement until now on ‘abusive’ leaseholds. The officials are expected to ‘make a move’ on current leaseholds and ban these types of contracts in the future. Considering the plan to build and develop new homes, the actions taken now should be a ground for more reliable future leaseholds.

Calls for UK Government to urgently sort out ‘abusive’ residential leaseholds on new builds