Manchester Property News
Autumn 2021 Budget: housing market headlines
The Chancellor described the economic picture as “strong” in the short term, with the Office for Budget Responsibility expecting the economy to return to pre-pandemic levels 6 months earlier than expected (by 2022).
Key housing market announcements included funding for new homes, brownfield land and the removal of dangerous cladding, funded by a 4% developer tax (firms with profits over £25m).
To turn Generation Rent into Generation Buy, the government is building on existing commitments by confirming a nearly £24 billion multi-year settlement for housing.
The Chancellor has also promised £65 million to improve England’s planning system, including digitisation to allow easy access to local plans. Source: Dataloft, gov.uk
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This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
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