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Over the five years to 2021 the public sector intends to develop more than 280,000 new units across all tenures, at an estimated cost of £55bn.
Although government subsidy and debt will play a part, over half (£31bn) of this investment will be funded directly through sales revenue.
The Regulator of Social Housing has identified that the development of homes for sale is a key area of risk which exposes registered providers. This puts the onus on scrutiny panels and boards to truly understand the risk and reward behind their development decisions, and ensure appropriate coping mechanisms are in place to mitigate against risks associated with exposure to the wider market or changes in government policy.
This report showcases 4 key Hometrack metrics to reflect on current market conditions and examine housing trends in 2018.
In August's property market update, Richard Donnell discusses trends in house price growth across UK cities, growth in the London property market and economic factors that influence the UK property market.
In July's property market update, Richard Donnell discusses the variation in price growth across UK cities, London market trends and the discount from asking to sales price regionally.
Richard Donnell, Hometrack's Insight Director explores key themes within the UK property market for June 2018
Hometrack's Insight Director Richard Donnell discuss the latest trends in UK property market.