A significant housing announcement has been promised by Prime Minister Boris Johnson as a part of a sweetener that saw him survive a no-confidence vote.
The Prime Minister was informed over the Platinum Jubilee Bank Holiday Weekend that enough letters had been sent by Tory MPs to trigger a vote of no confidence against him.
The vote was held last night and Johnson narrowly avoided an ousting, with 211 voting for him and 148 against.
He had spent the day shoring up support among MPs in private meetings, with some reports suggesting there could be a “plan for growth” next week.
It has also been reported by outlets such as The BBC and The Guardian that a housing-related announcement is on the cards.
He is reported to have told MPs: “If I am here later this week - and I very much hope that I will be - (Housing Secretary) Michael Gove and I will be setting out plans to kindle that dream of home ownership in the hearts of millions who currently believe it is beyond their means.”
There have been rumours of an expansion of the Right to Buy scheme to social housing tenants.
The property industry provided some instant reaction to the result of the vote last night.
Jeremy Leaf, a north London estate agent and a former RICS residential chairman, told Estate Agent Today: “What the property market needs more than anything is stability and confidence. Votes of this kind tend to generate the opposite.”
“Many decisions, particularly in terms of investment and development, require a longer-term view. If there is a change in leadership or government, then property players tend to sit on their hands.
“We are living in uncertain times which probably won’t change appreciably for a good while yet.”