Budget 2018: What do the housing measures mean?

More help for first-time buyers and plans for homes on the High Street have been announced in the Budget.

Most first-time buyers of shared ownership properties will now no longer pay stamp duty, under the measures.

Chancellor Philip Hammond also said that the Help to Buy scheme would end in 2023 - an extension of two years.

Mr Hammond said the housing market needed to be fixed, adding it was key to boosting UK productivity and living standards.

The UK is facing a shortage of housing. The number of homes on the market is at a 10-year low and fewer people are taking out mortgages.

So what has the chancellor said he is going to do about it?

Read on (source and credit)

https://www.bbc.co.uk/news/business-46024789