NAEA Propertymark comments on new house planning rules announced 5 March

Mark Hayward, Chief Executive, NAEA Propertymark comments on the new house planning rules announced by Theresa May this morning:

“Clearly we need more houses and we welcome these announcements from the Government; however given the nature of housebuilding we need to recognise that it will inevitably be a slow process before people feel that they have more homes available to them. Our monthly housing market report showed demand for housing boomed in January, creating competition among buyers and causing the number of sales to first time buyers (FTBs) to drop. It looks like those trying to get their first foot on the property ladder are in for tough year.”

Kindly shared by NAEA Propertymark