NEWS IN BRIEF

11 11 2014

  • Labour has published its long-awaited plans to deliver 200,000 homes a year in the UK. The Lyons Report, prepared by Sir Michael Lyons, recommends sweeping changes to current planning rules to increase the supply of new homes. Labour pledged priority to first time buyers and local authorities will be given the power to restrict Buy to Let and Buy to Leave sales of these homes.
  • A new projection made by Rightmove and Oxford Economics claims that residential property prices in England and Wales are set to rise by an average of 30% by 2019, led by gains in the South East. By comparison property price growth in the North is expected to be much slower over the same period. And the North West is expected to be the slowest riser.
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