Reactions to the chancellor’s spending review note there is microscopic to cheer the social housing sector and rentersIn nowadays’s autumn statement,the chancellor George Osborne announced a plan to build 400000 new homes in the private sector, with half being the previously announced starter homes for first-time buyers. A cap on housing benefit for new tenants was also announced, or including the shared accommodation rate. The Treasury blue book [pdf] includes the Office for Budget Responsibility projection that house prices will rise 5% year-on-year until 2020.
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Source: theguardian.com