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Theresa May promises thousands of new homes for young first-time buyers

  • By UK on 2017-01-29 02:29:35

Thousands of new homes to help first-time buyers on to the property ladder will be built on brownfield land, Theresa May will announce on Tuesday.

In her second big housing pledge in as many days, the Prime Minister will announce support for people aged between 23 and 40 to buy their first home by helping 30 areas around the country to unlock land to build on.

The new homes will be started early this year and be available to buy from 2018, ministers have said. The housing will also help to reinvigorate town centres through new investment and development of green spaces.

Theresa May
Theresa May promised earlier this week that 14 new garden villages and three new garden towns would be built across Britain Credit: Getty

It follows a promise Mrs May made earlier this week to build 14 new garden villages and three new garden towns across Britain. The project is designed to boost housing stock quickly to help tackle a shortage of homes.

Mrs May has promised to focus her efforts as Prime Minister on helping those who are “just about managing” to make ends meet, and those who are struggling to get on the property ladder or save enough for a deposit.

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