According to the new report, 46,000 affordable homes have been built per year in England since 2013. However this, according to Savills, is around 60,000 homes short of what is needed each year.
Savills believes that for-profit registered providers are becoming attractive options for institutional investors looking to provide long-term investment in housing.
The report states that the growth in large-scale investment in residential real estate in the UK has been “one of the foremost trends across the whole real estate asset class”.
It states that affordable housing is one of the biggest opportunities for housing investment, with favourable long-term returns on investment and potential for growth.
A leading publication is conducting its annual poll to determine the ten best places to live in the UK. Previous winners include Winchester, Bristol, Salisbury, and York. The smart money this year is on Chester.
Just to differ, one of the major banks recently chose Rutland, Hambleton, and Eden. The residents of these quiet enclaves are bracing themselves for the deluge of developers and home buyers that will surely follow.
Conspicuous by their absence from both lists were the towns of Greater Manchester. There is no accounting for taste.