Rise in numbers for affordable housebuilding.

December 3, 2015
what is happening to house prices

The latest figures from the Department of Communities and Local Government released yesterday show 66,640 new affordable homes were delivered in the last year, this is the highest increase in affordable housebuilding in 22 years.

Numbers of new affordable and social rented homes up by nearly two-thirds in the last 12 months and over 270,000 new affordable homes delivered since 2010.

Communities Secretary Greg Clark said yesterday: “Today’s figures show how far we’ve come to get the country building, bringing the industry back from the brink to deliver the highest annual increase in affordable housebuilding for over 2 decades.

“But we are far from complacent and the doubling of government investment in housebuilding announced at the recent Spending Review reaffirms our commitment to deliver a million new homes by 2020.

“Affordable homes to rent and buy are a key part of that, helping to give young people and families across the country the best possible start in life.”

Housing Minister Brandon Lewis said yesterday: “Our housebuilding effortsare paying off and can be seen by this considerable increase in the number of affordable homes built in just one year.

“This is real progress but there is more to do. that’s why we are going further and increasing our investment in these homes to ensure many more hard working-people can benefit”

Full release to be seen on Gov website: https://www.gov.uk/government/news/highest-increase-in-affordable-housebuilding-for-22-years

 

 

 

 

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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