More Homes promised in the UK
Government's repeated promises to build 1,000,000 more homes for UK citizens never seem to get off the ground. However it seems that Housing Associations are now stepping up to the mark to build this much needed accommodation.
Peabody, the social landlord based in London has plans to build around 1000 homes each year between 2017 and 2020. In 2015 it actually built 1140 homes across the City, making it one of the capital's largest property developers. A plan for 11,500 homes in the Thamesmead area, costed at around £4bn is in place and the Association is looking for developers and investment partners.
The lack of affordable housing is forcing Housing Associations to think outside the box and partner with each other to put forward plans which could see an extra 100,000 homes being built over the next decade, not just in London but across the country.
This is good news, not only for those looking to rent but also for builders in Woking and Surrey and those skilled in brickwork and construction.