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UK budget 2013: Property market moves seen as ‘game-changer’

Posted on 21 March 2013

Housebuilders were among the biggest winners in Wednesday’s Budget, as a “gamechanging” move to boost mortgage availability was extended to older properties. Shares in the UK’s biggest housebuilding companies soared as a result. Barratt, the biggest riser, gained 6.5 per cent to close at 255p.
Around a quarter of housebuilders’ sales in the past year have already benefited from government schemes to boost mortgage availability and although the industry had been clamouring for more support, the size of Wednesday’s boost nevertheless took the industry by surprise………………………………………..Full Article: Source


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