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NEW HOMES BONUS MEANS GAINS FOR INVESTORS IN LAND
AE Marketing SolutionsApr 30, 2011 11:51 BST
The New Homes Bonus is a cornerstone of the new ‘localism’ based planning system. The Government hopes it will give an incentive to Local Authorities and aid the construction of more housing, with the objective of building more homes and alleviating the country’s growing housing shortfall. The bonus could be worth up to 6 years of the national average council tax, or £9,000 to £11,000 for each additional home built. Over the next 4 years, the Government have pledged to make £1 Billion available for this project.
A senior director of Asset Land Inc said, “There is a shortage of new homes being built so this Budget is good news, not only for the construction industry and our investors but also for economic growth as a whole now that the Government has committed to meet Britain's housing needs”.
The boost from the New House Bonus comes in at the lowest point in UK house building for 80 years. The Government’s household formation projections show that we should be building 232,000 homes a year to meet the country’s need. Yet their latest figures show that just over 100,000 new homes were built in 2010, the lowest number in any peacetime year since 1923.
In a recent report, the Institute for Public Policy Research (IPPR) stated that England is facing a growing housing crisis, with an estimated shortfall of 750,000 homes by 2025.
"We cannot go on as we have done. Britain needs to build more homes." said IPPR director Nick Pearce. "If the rate of house building does not radically increase, we face a growing housing crisis. Whether the economy performs well or poorly, a serious gap looms between housing supply and demand. Our ageing population and rising expectations for living standards are going to drive up demand".
Asset Land Inc has developed a simple process to purchase plots of land for sale in prime locations for their investors. They have several opportunities across the UK and have stripped away the complexity of buying plots for sale.
All property acquired by Asset Land Inc is Government regulated, so whether you are a first-time investor or a wealth management company looking to increase your portfolio, contact Asset Land Inc on 0207 590 3187 or visit their website at www.assetlandinc.com for more information and to see current investment opportunities.