THE HOUSING INDUSTRY RECEIVES A DOUBLE BOOST

The housing industry has seen significant legislation changes in the last few weeks, providing a much needed boost to house developers and associated companies. Firstly, from 8th July to 31st March 2021, the stamp duty on houses over £500,000 has been reduced, saving purchases significant sums of money and stimulating house purchases. Further details are available at https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates

Secondly, the government have imposed new laws in planning permission which will make it quicker to build much-needed new homes by stopping local opponents blocking development. More details are available here https://www.bbc.co.uk/news/uk-53669432

Rob Burton, Co-Founder, Dapa Interiors said “the news regarding planning and stamp duty are fantastic for the building industry. Talking to some of our client’s, although they feel that the changes are long overdue, they feel that whilst we are still in the middle of this pandemic the changes provide a great stimulus to allow them to keep building and selling homes. This news will also have a notable effect on Dapa’s project pipeline, with positivity giving our clients the confidence to market hard and instruct new show homes. Long may it continue.”

 

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