The National Housing Federation have revealed that budget figures released recently by HM Govt. show some vast cuts in the area of housing. The upshot of this is less money to support schemes already initiated to try and kick start the housing market and even less likelyhood of any future schemes being introduced.
The result of less spending on new housing is a short supply of properties which means the possibility of a fast house sale but also means another sharp and unsustainable rise in prices as we saw between the late 90’s and 2007. As for other options rather than cuts, well, they could keep spending, deal with the deficit and hope that the market picks up to justify it. Or get more involvement from privately run companies and let them take a slice of the profit.
Tags: fast house sale, quick house sale, repossession, Sell And Rent Back