Labour has announced a number of policies around housing, which experts believe could provide a much-needed boost to the stagnant property market.This has largely been attributed to high mortgage rates pricing out buyers, experts say.
I gave my council house a glam makeover and trolls say it’s 'paid for by benefits' but it's actually B&Q and Wickes bargainsIt also pledged that new buyers will get first dibs on properties in new developments before they are sold to overseas investors. Coupled with a pledge to build more properties, experts said this could help get more people onto the housing ladder, which would be goodMarc Von Grundherr, director of Benham and Reeves, said: "Long term, Labour’s pledge to build more homes and help first-time buyers via a permanent mortgage guarantee scheme will only help strengthen the market - although this is, of course, dependent on these promises actually being delivered.