Wonderful news for Welsh house builders and purchasers.

Posted: July 18, 2013 in Business/Cardiff News, Client News, Uncategorized
Tags: , , , ,
Carl Sargeant, Housing Minister

Carl Sargeant, Housing Minister

A strong house building industry for Wales is key to economic growth; therefore yesterday’s news from Housing Minister Carl Sargeant is to be welcomed.

He announced that energy efficiency targets for all new homes built in Wales have been drastically cut from an 8% reduction in carbon emissions from next year, rather than the previously stated 40%.  This saves a huge £4000 in the cost of building a house, which will benefit purchasers also.

This news together with the news that the requirement for all new homes to be fitted with fire sprinklers would be gradually phased in between 2014 and 2016, gives the house building industry the opportunity to gain experience and skills as well as seek opportunities to innovate and reduce the costs on installing sprinklers.

housesThe final piece of news which must be welcomed by house builders and purchasers alike is that a shared equity scheme, Help to Buy Cymru, would be introduced later this year to support new home buyers in taking their first step on to the housing ladder.

Carl Sargeant is to be applauded for taking some tough decisions but showed that he was prepared to act on representations made to him which ultimately would positively help our housing building sector and buyers alike.

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