More affordable housing is needed

Oct. 31, 2012 - PRLog -- Over the past five years there has been a tough time in the construction industry overall. As well as in the private sector, the public sector housing industry has also taken a hit, with job losses and incomplete building projects for social housing and affordable new homes.

However, Prime Minister David Cameron plans to rekindle the council house right-to-buy scheme to generate extra cash to build more homes. He had pledged to release thousands of acres of public sector land, enough to build as many as 100,000 new homes.

There will also be an option for cash-strapped developers to build now and pay later in order to help finance development.

Together the two measures could create 400,000 industry jobs and deliver 200,000 homes, estimated Cameron. This means a great opportunity for affordable housing in London.

Speaking on this issue, the Prime Minister David Cameron said: “The housing market isn't working. Why isn't it working? Because of the debt crisis, the banks are bunged up with debt, so the banks aren't lending, the builders aren't building and the buyers can't buy because they can't get the mortgages that they need.

“So this government isn't just sitting back, we are rolling up our sleeves and saying right, we're going to make over government land to house builders on the basis that they can build now and pay for the land when they sell the homes.”

He added that there were more than 2m council homes still available and right-to-buy could provide a big stimulus to new house building with the Government's pledge for a one for one replacement policy.

With the part buy part rent scheme you can find affordable housing in Bromley!

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