New-build rental yields

New Town Development Corporations will help councils build more homes

Pressure for the government to deliver on its target of providing 300,000 new homes a year by the mid 2020s continues to rise.

In direct response to this, various moves are afoot to invest wider powers to councils at a local level across England, after calls for the government to be more active in its efforts to meet the quota.

Dominic Raab, the Housing Minister, has published proposals to award councils across England new powers to aid them in supplying much needed homes for their local communities. Each council will have the right to gain approval from the government to create a New Town Development Corporation. The main objective of each development corporation will be to provide new town and garden communities in each local area.

New towns and garden villages

Accountable to councils, the new development corporations will undertake master planning and project development, acquiring investors and funding, forming partnerships with developers and masterminding an entire new town or garden village project from planning to final completion, to provide tens of thousands of new homes.

Affordable housing should also be a major focus of the initiative, with current research indicating that in 2016-2017, only 23% of homes built were affordable, falling well below the 40% target. The criteria for affordable homes is based on their value not exceeding 80% of an average rental value in that specific area.

Harmonising with the local landscape

The Green Belt will still be protected and standard planning requirements will be adhered to, but the corporations will play an active role in how new homes shape the regional landscape. They will be led by council members, community stakeholders and experts in project development.

The ethos will have a real community focus, involving residents to help shape the way the housing schemes are designed, engaging locals on the amenities needed and the quality of design and build.

Dominic Raab added: “We need to build the homes our communities need and I’m committed to giving councils the tools they need to deliver. That’s why we’re giving councils the option of applying to establish development corporations. These will be locally accountable and must listen to the views of the community to ensure that the right homes are built in the right places.”

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

aerial-view-uk-houses

緊貼市場趨勢

立即登記搶先獲得最新項目及獨家物業投資機會。

我們會定期發送電子通訊,介紹最適合您的全新發布項目及獨家優惠。 我們受到超過 30,000 名活躍買家的信任,不斷更新最新英國物業市場資訊。

  • 最新發展項目及獨家優惠
  • 樓市走勢專業分析
  • 物業市場成交數據
  • 項目建築進度定期更新
UK holiday let

最新最快英國樓市新聞。

追蹤我們最新樓市觀點,爲您提供前瞻性的建議和分析。

自 2005 年成立以來,我們是英國地產市場權威,提供前瞻性的建議和分析。我們的英國物業資訊獲得 Apple News 及 Google News 授權發佈。

  • 英國樓市趨勢
  • 按揭申請攻略
  • 業主放租須知
  • 物業指南及投資建議

請即聯絡

立即聯絡我們英國物業專家查詢更多:

 

+852 6699 9008

辦公時間 9am-6pm