Housebuilding in England hits highest level since 2007

Housebuilding in England has hit its highest level: The number of homes added in the UK increased by 2 per cent to 222,190 in 2017-18

Housebuilding in England – Included in these figures is 195,290 new homes (the highest figure for ten years.) with the remainder coming from converting houses into flats and changing commericial or industrial buildings into domestic premises.

Despite falling short of the Government’s target of 300,000 it has still be praised by Ministers and Businesses amid Brexit deal woes over the last week.

James Brokenshire, Secretary of State for Housing, said:

‘These figures are great news. But we are determined to do more to keep us on track to deliver the homes communities need. 

‘That’s why we have set out an ambitious package of measures to deliver 300,000 homes a year by the mid-2020s. 

‘This includes an investment of more than £44billion, rewriting the planning rules and scrapping the borrowing cap so councils can deliver a new generation of council housing.’

Polly Neate, chief executive of Shelter, said:

‘It’s good to see that the number of homes has risen again. To end the crisis, it’s crucial this continues and that as many as possible are social homes.’

Stewart Baseley, at the Home Builders Federation, added:

‘Builders have continued to invest and increase output. The Government needs to continue to work with all parts of the sector if we are to hit the 300,000 target.’

However, the increase is slowing. While it rose by 2 per cent last year, it was up 15 per cent in 2016/17 and 11 per cent the previous year.

 

References

https://www.thisismoney.co.uk/money/mortgageshome/article-6393103/Housing-crisis-set-continue-developers-slow-housebuilding-ahead-Brexit.html

https://www.building.co.uk/communities/housing-statistics-its-no-good-in-blaming-the-builders/5096682.article

 

Barclays and UK government plan £1bn housing fund

Barclays has teamed up with Homes England to offer smaller house builders’ access to a £1bn pot of loan finance to tackle England’s housing shortage.

housing fund

Competitively-priced loans ranging from £5m to a maximum ceiling of potentially £100m, will be on offer to house builders with the necessary experience and track records.

They will be made available to existing and new customers and are designed to cover up to 80 % of costs or 70% of the value of the project.

Under the new arrangement, Barclays is putting up £875m, while Homes England will release £125m.

Read More

Could Modular Housing provide millions of good new homes?

Modular Housing could be the answer to Britain’s housing needs! They are built off-site, enabling quick and fuss-free construction.

modular housing

On average, house prices in England are seven times people’s incomes, and over a million families with children now rent from private landlords. Could modular housing be part of the solution?

Modular homes are constructed from “modules” that are pre-built off-site in factories. However, Nicky Gavron, former deputy mayor of London and long-time advocate for modular housing, says the recent models are “light years” away from prefab homes of the past. “Now they are precision-engineered, digitally designed, eco-efficient, slashing energy bills and affordable. Not just affordable to build, but to live in.”

Modular technology is quick to assemble, which is why historically it has been used in the military and public sector. This is exactly why the country needs it, Gavron argues.

Read More

It’s MIPIM UK Week – The Build-Zone team are going to MIPIM UK

Join the Build-Zone team at MIPIM UK – The leading property summit for all key stakeholders in UK real estate!

Build-Zone at MIPIM

We are excited to be attending MIPIM UK from the 17th till the 18th of October at London, Olympia.

MIPIM UK is the UK’s largest and most insightful property event for professionals providing the most comprehensive conference programme in the real estate industry.

It is the leading property summit for all key stakeholders in UK real estate to connect and do business.

Fore more information on why you should visit, click here.

Read More

Meet the Self-Build Experts at Homebuilding & Renovating

Self Build Zone, working in partnership with Homebuilding and Renovating, are at Excel this week and are making available various Experts from the Industry to answer any questions or assist visitors with their Projects.

Included are:

  • Approved Inspectors dealing with any questions on Building Control
  • Claims and Loss Adjusters if you are have any specific claims issues
  • Specialist Surveyors and Valuers who deal with Technical Audits and Property Valuations (including Listed Properties)
  • Experts on Fire Risk Assessments and Fire Risk Engineering if you have any questions regarding Loss Prevention or Fire Risks for Residential or Commercial Risks.
Read More