Following the announcement that Housing Minister Gavin Barwell MP has given the green light for the construction of thousands of new Starter Homes, Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) shares his thoughts.
“Today’s announcement may feel like a welcome start to the New Year but as always we need to see these plans put into swift action. The dream of home ownership is too far out of reach for thousands of aspiring first time buyers (FTBs), and the building of new homes on disused brownfield sites, as well as a 20% discount for buyers aged 23-40 will go some way to bridging this gap. News that the Government will deliver 14 new ‘garden’ towns and villages outside of existing settlements will also relieve some of the pressure on supply and demand, which should in turn act as a catalyst to help FTBs fulfil their dreams of homeownership. However, we must not throw caution to the wind. The Government has made promise after promise and pledge after pledge to help FTBs get onto the housing ladder, but until we see these houses built we won’t hold our breath.”