The number of first time buyers (FTBs) getting onto the property ladder has dwindled in recent years, as they have effectively been priced out of contention. Now, a new initiative to build 10,000 new affordable homes on surplus public sector land for first time buyers has been drawn up in an attempt to jumpstart the market.
With the 2020 EU emission targets looming, public and private sectors face mounting pressure to be more energy efficient. While large corporations have generally appeared more proactive, many SMEs and councils have struggled to see the economic sense of energy efficiency. Reigate and Banstead Borough Council however has demonstrated the economic and political value of practical green initiatives.
Research by Datamonitor indicates that mortgage advances for self-build properties will rise from less than GBP800m in 2011 to GBP1.9bn by 2015. Growth will be fueled by growing consumer awareness of the self-build option, coupled with government measures to help those wanting to pursue this route to home ownership.
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