# Assetz Capital investors call for a housebuilding budget Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-11-23 Category: LIFESTYLE Category URL: https://financedigest.com/category/lifestyle Meta Title: Budget Wishlist: Investors Call for Government Support for Meta Description: Assetz Capital investors reveal budget wishlist: government support for local authorities to drive affordable housing, stamp duty cuts, tax reductions. URL: https://financedigest.com/assetz-capital-investors-call-for-a-housebuilding-budgethtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd231117-6-1736843208217-compressed.jpg) Investors in the Assetz Capital platform have sent a clear signal to government of what they want to see in the budget – government support for local authorities to drive the building of more affordable housing. The peer-to-peer lending platform canvassed the views on budget priorities of its investors in the first Assetz Capital Investor Barometer ahead of the budget on Wednesday 22nd November 2017. 31% of investors said they most wanted to see government support and legislation to enable local authorities to push through the building of more affordable housing. 24% said income [tax reductions for lower earners was the most important](https://www.financedigest.com/rd-tax-important-exemptions-and-upcoming-changes-for-the-it-software-industry.html "R&D Tax: Important Exemptions and Upcoming Changes for the IT & Software Industry"), while 10% said they wanted to see stamp duty reduced for first-time buyers as a priority. Stuart Law, CEO at Assetz Capital said: “This is a clear indication from our investors that housebuilding should be the [government’s number one priority](https://www.financedigest.com/factbox-uk-government-sets-out-priorities-in-queens-speech.html "Factbox-UK government sets out priorities in Queen’s speech") in this budget. There is growing pressure from the [Conservative party](https://www.financedigest.com/rishi-sunak-declared-next-leader-of-uk-conservative-party-to-become-next-pm.html "Rishi Sunak declared next leader of UK Conservative Party, to become next PM") members, led in many ways by Sajid Javid, to implement new policies that could radically improve housing supply, but whether these ideas get through Phillip Hammond into the budget is anyone’s guess at present, although the weekend’s press suggests he is finally considering listening. 72% of [investors also said that they would strongly support local](https://www.financedigest.com/southampton-development-continues-to-excite-local-investors.html "SOUTHAMPTON DEVELOPMENT CONTINUES TO EXCITE LOCAL INVESTORS") authorities in carrying out compulsory purchase orders (CPO) for land directly next to towns and villages, as already controlled under the 1961 Land Compensation Act, and being funded to do so. Only 0.6% of these respondents caveated their [support by saying they wouldn’t want any development in their immediate local](https://www.financedigest.com/xledgers-long-term-local-support-for-bristol-sport-a-successful-partnership.html "Xledger’s long-term local support for Bristol Sport – a successful partnership") area. A quarter of those that support the initiative stressed that it must not be at the expense of green belt land. Stuart continued: “The housing [crisis](https://www.financedigest.com/manufactured-homes-unique-opportunity-to-aid-the-housing-crisis.html "Manufactured Homes’ Unique Opportunity to Aid the Housing Crisis  ") in the country has become so acute that we may be seeing the death of the NIMBY as the need for new housing overtakes the typical opposition that’s faced. The number of [investors that want to see](https://www.financedigest.com/analysis-weary-investors-see-little-respite-to-fed-hike-gloom.html "Analysis-Weary investors see little respite to Fed hike gloom") local authorities empowered the get on and build is a clear indication that radical solutions are needed. At present the 1961 Landowner Compensation Act dictates a price that the CPO is carried out at the full [market value](https://www.financedigest.com/global-grass-fed-beef-market-value-is-forecast-to-total-us-17-9-bn-by-2031.html "Global Grass Fed Beef Market value is forecast to total US$ 17.9 Bn by 2031") following planning permission, but this is perhaps hampering council house viability. A change to this act would be welcomed by the majority of our respondents, and a reduction in CPO land [prices paid would assist more affordable rents and house](https://www.financedigest.com/uk-house-prices-show-unexpected-strength-in-october-nationwide.html "UK house prices show unexpected strength in October: Nationwide") building in our view. “This is a real opportunity to deliver some progressive [housing policies involving local authorities that would give the government a much-needed boost at a time](https://www.financedigest.com/buying-a-house-for-the-first-time.html "Buying a house for the first time") when Brexit is threatening to tear the Conservatives apart. We – and our investors – [urge the government](https://www.financedigest.com/uk-energy-ceos-urge-government-action-on-horrific-price-surge.html "UK energy CEOs urge government action on ‘horrific’ price surge") to bring something new to the table on housebuilding in this budget.” --- This blog is powered by Superblog. 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