12 point plan

Conservative Party Manifesto: Theresa’s 12-point plan for property

If the expected Conservative victory on June 8th materialises then what should the property industry look forward to (or not) from a renewed Tory administration? The question was answered comprehensively today after Theresa May launched the Conservative Party manifesto, several pages of which are dedicated to the housing market. In summary, the Tories today promised a 12-point property plan, some details of which was specific, others which were not: 12-point plan Reform and modernise the home buying process so it is more efficient and less costly. Crackdown on unfair practices in leasehold, such as escalating ground rents. Improve protections for those who rent, and look at how to increase security for good tenants and how to encourage landlords to offer longer tenancies as standard. Fix the dysfunctional housing market so that homes are more affordable, and that there are enough homes built to meet demand. Bring the cost of renting of down by securing more homes available to rent – a veiled reference to Build to Rent. Support specifically the building of mansion blocks, mews houses and terraced streets – i.e. high quality but high density housing. Build 160,000 homes on government land. Introduce a £23bn National Productivity Fund which…

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