Theresa May’s cabinet reshuffle makes housing a top priority

 

Prime Minister Theresa May has overhauled her cabinet with an array of sackings and promotions, making Sajid Javid the UK’s new housing secretary.

The reshuffle saw Sajid Javid’s department renamed the Department for Housing, Communities and Local Government, with the addition of ‘Housing’ making clear May’s plans to keep the issue at the top of the government’s agenda.

The Prime Minister has previously stated it is her “personal mission” to tackle the housing shortage in the UK, with the Autumn Budget last year setting out a number of measures that would be taken to deal with the problem.

Javid said: “The name change for the department reflects this government’s renewed focus to deliver more homes and build strong communities across England.”

Brian Berry, chief executive of the Federation of Master Builders, also supported the changes made yesterday. He said: “The inclusion of the word ‘housing’ sends a clear signal as to the importance the government places on housing policy by the renaming of the department and the secretary of state’s title.”

What’s in a name?

However, others have commented that changing the job title and department name will only be effective if it is followed up by evidence that the measures are working. The department has actually been responsible for housing for many years, with Sajid Javid playing a key role in the issue already.

David Orr, chief executive at the National Housing Federation, said: “Redefining Sajid Javid’s role to clearly emphasise housing is a welcome demonstration of the prime minister’s commitment to fixing the UK’s broken housing market.

“But actions speak louder than words. If we are to meet the government’s ambition of building 300,000 homes a year, every year, then we need a long-term supply of affordable land. The government must ensure public land is used for housing and that private land is bought where it is needed to create new communities.”

Dominic Raab has also been appointed as the new housing minister, replacing Alok Sharma, who had only held the position for six months.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Big Ben

Theresa May’s cabinet reshuffle makes housing a top priority

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.