A Labour government would legally prevent developers selling more than 50% of homes off plan to overseas buyers, and give first-time buyers first dibs on new build housing, under plans to be unveiled at the Party’s annual conference.

Shadow Labour housing secretary Lucy Powell used Twitter to confirm reports of the policy proposals ahead of her speech to conference on Sunday.

Powell said Labour also planned to give councils greater powers to assemble land for the regeneration of town centres and delivery of new affordable homes.

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