Spring Budget: How New Reforms Could Boost Your Property’S Value

Government planning reforms aim to deliver 1.3 million homes by 2030, boosting market activity, buyer confidence, and opportunities for UK property sellers

The government’s commitment to planning reforms, aimed at delivering 1.3 million homes by 2030, is a significant step towards addressing the UK’s ongoing housing shortage. While the revised target falls short of the initial 1.5 million homes, the increased housing supply will still have a notable impact on the property market. For sellers, this could create new opportunities and drive demand in key areas.

Increased Market Activity
A boost in housing supply encourages movement in the market, which benefits sellers looking to upgrade, downsize, or relocate. As more homes become available, particularly new builds, first-time buyers and second-steppers will have more options, stimulating property chains. This increased activity can lead to faster sales and reduce the risk of transactions falling through due to a lack of available properties.

Higher Property Values in Growing Areas
With more housing developments planned, infrastructure improvements are likely to follow, such as new transport links, schools, and amenities. Sellers in areas undergoing regeneration or expansion may see property values rise as these locations become more desirable. Buyers are often drawn to well-connected areas with strong local services, making homes in these regions easier to sell at competitive prices.

Boost in Buyer Confidence
A clear government commitment to housebuilding can increase confidence among buyers, encouraging them to make purchasing decisions sooner rather than later. This benefits sellers by reducing market stagnation and ensuring a steady flow of demand. Additionally, with more new homes on the market, sellers of older properties may find buyers looking for period charm or established neighbourhoods, rather than new-build estates.