Cut-price homes will be on sale for just £60,000 ($162,000) for first-time buyers in an effort to help low-paid workers priced out of the housing market, John Prescott announced yesterday.
Monday, September 27th 2004, 8:04AM
by The Landlord
The Deputy Prime Minister admitted that rapidly-increasing numbers of families - many of whom work in hospitals, schools and town halls - had no chance of getting a foot on the property ladder.
He told the conference: "We need these people, but many can't buy a home near where they work."
Under the scheme, which will be a key pledge in next year's general election manifesto, the houses would be put up on surplus land owned by the health services, local authorities and other public bodies.
