New UK housing strategy to stimulate property market widely welcomed

[Nicholas Wallwork]

Major new plans to boost the UK housing sector have been widely welcomed but there is some concern that they won’t have much of an impact right away. The new strategy includes first time buyers being able to borrow up to 95% of the value of a new property and the introduction of a £400 [...]

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[stefk]

Thank you for the share

I wonder if this would work in South Africa and other 3rd world countries. With the current economic state its difficult to get loans for contract work if you are a medium sized builder.

"The new strategy includes first time buyers being able to borrow up to 95% of the value of a new property and the introduction of a £400 million fund to help boost house building by providing grants to builders to develop plots of land that are currently considered to be uneconomic. "