European loan to help build social housing

Those who are pushing to remain in the EU must be pleased with the timing of the  recent announcement by the European Union’s investment arm who are lending Britain 1 billion pounds to help build social housing, however a spokesman for the vote leave campaign reportedly said “It seems like some in Luxembourg think they can buy the referendum with a couple of cosmetic loans,”

The European Investment Bank  (EIB) statement comes ahead of the referendum in Britain on June 23,  the loans would help housing associations build homes across the country.

A lack of affordable homes has been at the top of the political agenda over the past few years,  the shortage is helping to push up prices, forcing many people particularly those living in  London and the south east to rent for longer,  or forced to  buy homes further away from city centres.

 

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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