‘Perfect storm’ blocking thousands of desperately needed social homes

Quick Summary:

Housebuilders say they have thousands of social homes ready to be built but no customers to buy them.

Housing associations are making less money from renting out social homes, too, they say.

The government says it recognises the need, with the ministry of housing telling us the next five years would see the "biggest increase in social and affordable housing in a generation".

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Article Details

Category: Business

Markets: United KingdomChadOman

Topics: Homes Money Says Properties Social Housing Affordable Built Being Associations

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 00:11:10 (21 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1360 words

Reading Time: 8 minutes read

Sentences: 51 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22916537

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 4 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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