• Help to Buy helps 240,000 on to the property ladder
• Transport infrastructure to give economic boost to the north
• Hinkley Point C deal risky and expensive
• Economic growth slows in 2017
Property, Planning and Regeneration
Average house prices fall in May, easing market growth for the year
The latest Knight Frank Residential Market Update for June 2017 has revealed that average UK house prices fell by 0.2 per cent in May, taking growth to 2.1 per cent for the year. Average rents in Great Britain were 1.8 per cent higher on an annual basis in May.
Elsewhere, following the General Election Alok Sharma has taken over from Gavin Barwell as housing minister – Mr Barlow being appointed chief of staff at Number 10, signalling that housing will still be a policy priority.
Life in the old place yet under Historic England’s new scheme
Historic England has launched its new Heritage Action Zones initiative and is looking for partnerships across the country. The new zones will work to help stimulate economic growth and quality of life in cities, towns and villages
across the country by renovating old buildings and places, which are steeped in history, but have fallen into disrepair.
Help to Buy helps 240,000 on to the property ladder
Help to Buy statistics released on 22 June by the Department for Communities and Local Government and HM Treasury, revealed that over 285,000 homeowners,including 240,000 first time buyers, have been
supported by the government’s Help to Buy schemes since its inception in December 2015.
The Royal Town Planning Institute has said that investment in public transport and infrastructure for walking, cycling and electric vehicles, as well as
congestion charging zones, are urgent requirements to improve air quality.
A report published by the Greater London Assembly’s Housing Committee this month (June 2017) shines a spotlight on Transport for London’s (TfL) large land holding. TfL owns around 5,700 acres of land which could potentially be built on to provide new homes for Londoners.
London Mayor Sadiq Khan identifies house building as his single biggest priority and is keen to work with TfL to develop “genuinely affordable” homes using its land assets.
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