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PQ1 Properties - Monthly Newsletter - July 2024

A New Era for Housing: Labour's Ambitious Plan for 1.5 Million New Homes

With a new Labour government in place, the future of housing in the UK is poised for significant change. Keir Starmer has pledged that Labour will support house building from ‘day one’ to meet the ambitious target of constructing 1.5 million homes over the next five years. This means an

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impressive 300,000 homes need to be built each year, more than double the number constructed in 2022-23. It’s time to get Britain building again.

Labour's Housing Recovery Plan: Key Highlights

Opportunities for First-Time Buyers: Labour aims to create
opportunities for first-time buyers in every community. This
includes a government-backed mortgage guarantee scheme
giving younger people the first chance at homes in new housing
developments.

Opportunities for First-Time Buyers: Labour aims to create
opportunities for first-time buyers in every community. This
includes a government-backed mortgage guarantee scheme
giving younger people the first chance at homes in new housing developments.

Next Generation of ‘New Towns’: Labour plans to create new
communities with beautiful homes, green spaces, reliable
transport links, and bustling high streets

Unleashing Mayors: A package of devolution will give
Mayors stronger powers over planning and control over
housing investment, enabling more localized and efficient
housing development.

‘Planning Passport’ for Urban Brownfield Development:
This initiative aims to fast-track approval and delivery of high-
density housing on urban brownfield sites, making better use of
available land.

Keir Starmer's Vision

In his speech at the Labour Party Conference, Keir Starmer
outlined Labour’s vision: “It’s a future with more beautiful
cities, more prosperous towns, new parks, new green spaces,
new public services – all aligned with our plan. Sometimes the
old Labour ideas are right for new times. Where there are good
jobs, good infrastructure, and good land for affordable homes,
we will get shovels in the ground and cranes in the sky to build
the next generation of Labour new towns.

“And no, this doesn’t mean we’re tearing up the green-belt.
Labour is the party that protects our green spaces. No party
fights harder for our environment. We created the national
parks. Created the green-belt in the first place.”

What This Means for You

This ambitious plan presents numerous opportunities for first-time buyers, investors, and developers alike.
With enhanced local voices in planning, expedited processes for urban brownfield development, and
significant boosts in affordable housing, the future of property development in the UK looks promising.


Stay tuned with PQ1 Properties as we navigate these exciting times. We are committed to keeping you
informed and helping you seize the opportunities that arise from these significant policy changes.


Thank you for staying with us. For more detailed insights and updates, visit our website or contact us atinfo@pq1.co.uk.


Best regards,
The PQ1 Properties Team

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This form collects the above information so that we can contact you via your preferred method(s) regarding new homes and developments. Check our privacy policy and data protection policy for all the information on how we store, protect and manage your submitted data.
It is often necessary to share your details with the actual house builder as well as other third parties, in order to enable us to answer a request or to enable a property transaction to proceed in a satisfactory manner. Full details can be found in our Privacy Policy.