Welcome to our round up of housing related news from the past week.
Number of new homes rises 30% in 2012
Today’s Conveyancer announced this week that the amount of new homes registered in 2012 has risen by nearly 30% on 2011, according to new statistics released by the NHBC. The rise in new homes being built is hoped to have a positive impact on the market; not only providing affordable homes, but creating jobs for workers in the building industry sector and further on down the line, will generate new business for conveyancing solicitors and removals companies.
Free college opens to help homeless people
A fantastic new educational project has opened in Southwark to provide free courses for homeless people. Launched in Autumn 2012, the Recovery College set up by the St Mungo’s charity now has 395 people enrolled on 60 courses.
There are a range of courses on offer, from singing lessons to developing skills to help people get jobs. One of the main aims is to help raise self-esteem and boost self-confidence. There are no entry requirements to enrol and students help to plan the courses themselves. Once six courses have been completed, this can lead the way into more formal courses at other institutions linked with the programme, such as Ruskin College, Oxford.
Housing associations join forces to provide affordable homes in London
The top 15 housing associations in London are cooperating to help “generation rent” – young people who are trapped paying high rental prices which prevent them being able to save a deposit for their own home.
The housing associations (called G15) aim to increase the number of affordable homes available by 13,000 by year 2015 by joining the private market to fund the project. 4000 homes will be made available for rent at the market rate and they will also sell some properties at regular London prices. Any profit from this will be put back in to generating more affordable housing.
Moreover, The G15 will also be able to work together to help find homes for families that need social housing in London, providing the first cross-London home finding facility, that each local authority will have the opportunity to join. This could help to speed up the process of finding homeless families the shelter they need.
London first time buyers up 15%
The number of first time buyers in London has risen by 15% since last year, according to the Council of Mortgage Lenders (CML), published on Estate Agent Today. Paul Smee, CML’s director general said the statistics indicated that first time buyers are regaining their confidence in the market. The low interest rates and increased availability of high loan-to-value mortgages are helping first time buyers to become homeowners, even though London property prices remain highly inflated.
Just for fun...
If you have a minute to spare, why not check out Rated People’s Pinterest board, entitled ‘Is it a house?’ and see if you can spot your next dream home!