New house building stimulus package to be unveiled.
The UK Coalition will soon be unveiling a new stimulus package, in a bid to encourage more house building.
The draft proposal will be announced by Cameron or Clegg next month and features a complex scheme; where it is believed that the government will relax rules requiring private house builders to incorporate social housing into large projects.
The UK’s ailing Construction Sector is considered to be the primary factor of UK GDP growth figures over the past 6 months. New build is at it’s lowest annual total of any year since 1946.
British house prices have seen their most widespread falls for a year in the 3 months to July, and surveyors do not expect the outlook to improve over the next 12 months, according to The Royal Institution of Chartered Surveyors (RICS).
Is new money just polishing an ” Old T##d ? “