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Osborne to Spur U.K. Housebuilding With Developer Incentives

By Tony Seruga

Government housing budget to be doubled in spending review
Developers to get 2.3 billion pounds to fund starter homes

Chancellor of the Exchequer George Osborne will put the British housing crisis at the heart of his Spending Review by offering incentives for private developers to build affordable homes as lack of supply continues to push up property prices across the U.K.

A doubling of the annual housing budget will see 400,000 new homes built across England under proposals to be announced by Osborne on Wednesday. More than 2 billion pounds ($3 billion) of public money will be made available to developers to build starter homes…

Osborne to Spur U.K. Housebuilding With Developer Incentives

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