David Bexon, Managing Director of smartnewhomes.com, comments on Grant Shapps’ call for increased home ownership:
“Grant Shapps’ commitment to increasing home ownership will inject much-needed momentum into the housebuilding industry’s recovery and is something we have been campaigning for. Off the back of today’s announcement, I would hope to see increased levels of lending from the banks, in particular for new build properties which have suffered from excessive lending restrictions, as well as an up-turn in the number of first time-buyers able to enter the market.
“The public and housebuilding industry will be hoping that today’s announcement acts as a precedent for the new government’s long term plans, however, we are still yet to hear how development levels will be sustained under the coalition’s localism policy - something which remains the biggest threat to recovery.”
See Also: Press Releases (371), Property News (6711), Grant Shapps (23), The Smart Comment (19)
Date Published: 08 June 2010
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