Futura homes commission has decided to stop its attempts to sell homes to buyers in the UK and Ireland as a result of the UK’s vote to leave the European Union.
The commission, which oversees the purchase and sale of homes in the United Kingdom and Ireland, issued a statement on Monday, saying the vote to quit the European union was “an important step forward” for the sector and that it will “continue to work with industry partners and industry stakeholders in order to improve the quality and quantity of housing in the home market”.
The commission said it will continue to work to address concerns raised in the Brexit process and will look at the potential for future policy initiatives to support and promote home ownership in the future.
“It is the responsibility of government and the regulators of the home ownership sector to ensure that these policies and practices are based on the best available evidence and do not create uncertainty, uncertainty that is damaging the confidence and trust of homebuyers, and ultimately the economy,” the statement said.
“The Government will continue working with the sector to develop the policies and policies that support home ownership, including a review of the Home Investment Strategy (HIS) to ensure it reflects the best interests of all homebuyer and property owners.”
It said the commission will continue its work to encourage and support the homebuy and rent-to-own sectors in the rest of the United States and the UK, and to provide advice on how to build better home ownership and renting relationships.
It said that the decision by the commission to not sell homes in Britain or Ireland to the UK is “not a reflection of the views of homeowners in those countries”, but was a reflection on “the challenges faced by the UK housing market”.
In the UK this month, the government announced that it would stop buying homes from the government.
A Home Office spokesman said on Monday that it was “delighted that the UK has moved on to the future” after the Brexit vote and that “we will continue with our plan to bring the UK in line with the rest.”
We will ensure that all properties purchased by the government are sold to new owners, who will continue the same process of acquiring the property.
“He said the government’s investment in new homes would not be affected.