New Homes

 

The house building industry is now generating £38b a year and supporting some 700,000 jobs.

A 74 per cent increase in house building activity in the past four years has provided a huge boost to the UK economy, according to research by planning and development consultancy Lichfields.

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A recent report by the English Housing Survey shows the majority of tenants in the private rented sector (PRS) are happy with their current accommodation.

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It is impossible to stereotype those renting from a private landlord, according to recent research by the Nationwide building society.

The YouGov survey of more than 2,000 tenants renting from a private landlord revealed 47 per cent were couples, 11 per cent were families, seven per cent were students living with university friends and 30 per cent were those living alone.

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The total number of build-to-rent homes complete, under construction and in planning across the UK has increased by 30 per cent in the past year

 

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The government has announced the appointment of a new housing minister.

James Brokenshire has been appointed as Secretary of State for Housing, Communities and Local Government.

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Local people are to have more of a say in the development of their area, including where houses, schools and businesses are built.

The government has announced a £23 million fund to help community groups to develop a neighbourhood plan, and applications for funding are now open.

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The east of the country saw the fastest growth in rents last year, according to Your Move’s rental tracker.

Prices in the region led the way across England and Wales in 2017, with the average monthly rent increasing by 3.3 per cent in 12 months to reach £893.