new buildings

Photo source: CityIQ http://www.cityiq.co.uk/

The need for new residential buildings is obvious in a big city like London. However, space for new homes can be an issue, even when the Government actually decides to give funds for development.

A recent report states that in London are 18 hotspots when it comes to counting residential developments.

In terms of values, the majority are localities where new build developments are priced at under £800 per square foot most are also outside zone 1.

These hotspots range from Southall in the West of London to Tottenham Hale in the North and West Ham in the East. They all have one thing in common: their future and raise of prices depends heavily on the infrastructure updates London already happening all across town.

Report identities new build development hotspots in London

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The Government announced a support of almost £23 million for communities. This budget is to be used to develop Neighbourhood Plans until 2022.

What should come out of this move after the entire period?! The type of local growth the British Government is encouraging targets new buildings and homes, parks and other type of green spaces, offices, and shops.

Details upon the outcomes in this article below on Property Wire.

£23 million announced to help communities have a say in new housing

The pro-active moves of the Government however do not compensate on the lack of active involvement until now on ‘abusive’ leaseholds. The officials are expected to ‘make a move’ on current leaseholds and ban these types of contracts in the future. Considering the plan to build and develop new homes, the actions taken now should be a ground for more reliable future leaseholds.

Calls for UK Government to urgently sort out ‘abusive’ residential leaseholds on new builds

 

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Photo souce: http://bit.ly/2fQRHs5

The rising demand on the house market is now satisfied, but specialists say that in the next period building new houses should be a priority for the UK government. There might be other and more urgent matters – like Brexit and how to counterbalance its effects, but the perspective on the future is also important.

Organisations voice concern that housing is slipping down the UK political agenda

How would you appreciate the offer of new houses on the market? Apparently, one in ten new buyers are not content with the quality of their home.

There are solutions to the housing problem as the article on Property Wire states. It is just a matter of what to do first.

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