Ahead of the Budget 2022 speech, much pressure was placed on the Government to look closely at measures to alleviate the housing crisis. The shortage of affordable housing has been felt by potential first-time buyers and renters alike. The lack of housing for first-time buyers has driven up the price and reduced the availability of rental properties. This meant that areas of focus for the Budget were assisting renters financially while encouraging owners to bring properties to the market for sale and/or rent. We consider below some of the measures announced in Budget 2022 and included in Finance Act 2022 that sought to address this.
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