On Thursday the chancellor presented his annual budget – with primary focuses on property that will excite and interest many looking to buy or sell a property within the next 12 months. The latest budget has been hailed as a ‘cash injection’ for the UK’s housing market – and the changes bring their fair share of good news for people looking to relocate in the coming months. Here we share three top tips for homebuyers, sellers and investors following the changes, which will be implemented over the next few years.
Take advantage of the government’s new home building scheme
One key take-away from the budget was the government’s pledge to provide millions of new homes nationwide by the mid-late 2020s. This is great news for first-time buyers and investors alike, who can cash in on schemes up and down the country. £44bn in capital funding will help to build 300,000 homes annually by 2025, whilst three housing pilot schemes in Manchester, Liverpool and the West Midlands totalling £28m will create even more homes for people with lower incomes.
Good news for first-time buyers with stamp duty cuts
First-time buyers are in luck this year, as the chancellor announced he would scrap stamp duty tax on the first £300,000 of a home purchase up to £500,000. This is great news for the many people looking to secure their own property and relocate in 2018 – and may also benefit sellers, as the change is expected to stimulate the slowing market and increase house prices across the board.
City dwellers can benefit from urban regeneration funding
£1.1bn has been allocated for new urban regeneration – promising to turn some of the UK’s ‘less desirable’ cities and towns into buzzing property hotspots. The money will be spent on infrastructure, funding for community cohesion and wellbeing programmes such as greater green spaces, fresh new homes and financial support for shopping complexes, transport links and schools. The result is likely to see a huge boost in desirability for many of the UK’s largest conurbations, complementing the provision of new properties. This is great news for buyers and investors – providing wider choice and homes available at a lower cost with greater benefits.
For more expert tips on relocation, take a look at our related articles here.
You did everything that we asked. We have used Johnsons 3 times in the past 2 years and have always found them professional and the removal guys really friendly and courteous.Mr & Mrs Green, Cheshire
An excellent service carried out by people who cared. Right through from quotation to move into storage and back out again.Mr Wyatt, Coventry
Very impressed with the service offered from beginning to end. Overall, very good value for money.Mr & Mrs Langman, Wilmslow
Everything was done very well and to our satisfaction.Dr & Mrs Cowell, Northwich
I send my deepest appreciation for the hard work and polite good spirits not to mention speed with which the men did their job. Many thanks to them and your firm for another successful and minimal street move. I wouldn’t hesitate to use you again.Mrs Haselhurst, Warrington
Everything went very well, the move was brilliant. Any comment would be I lost my snake and the guys wouldn’t help look for him as they were scared (he has been found now).Mr & Mrs Obbard, Llanerchymedd
Very helpful with what turned out to be a very difficult move. The movers were great, helpful, friendly and nothing was too much trouble for them.Dr Millard, Buxton
Thank you for packing us up and moving us into our new home.
Everyone was brilliant, friendly, professional and funny. Most stress free move I’ve ever had and I’ve done quite a few house moves.
With all best wishes and again my appreciation for your most courteous and helpful attention throughout my association with Johnsons.
A pleasurable experience from start to finish.Aurea Elizabeth Saunders
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