A new council-led construction boom

The clients we work with want to get the most from their property assets. Having worked in real estate for many years, we can aid them in doing so. We are the foremost business specialising in property investment Newham has. If it’s a personalised service you’re after, you’ve come to the right place.

Social mobility is at the centre of a fresh government Green Paper. It is pledging to provide council tenants the chance to dive into home ownership. These intentions received criticism for being unsuccessful to procure extra funding. However, they’ve arrived at a point where various London councils have begun to seek out alternative ways of creating new homes.

The requirements

London must construct 200,000 houses to keep up with its swelling population. Last year though, the total was a mere 27,000. This is less than half of the 66,000 a year target. Nonetheless, 22 of the 32 boroughs have plans to supply the city with 25,000 new homes over the next five years. This contrasts with the trivial 2,100 homes that councils built during the previous 7 years.

Council action

The public sector shall persist in their efforts to sell land to private developers for cash. Still, a report from London’s think tank centre has examined every borough by the channel it intends to use to provide houses. It is proving to be popular to do this themselves or through a subsidiary. Something else they discovered is that councils are passionate about returning to house building. They named Newham as one of the busiest boroughs involved in this kind of project.

At Finefair, we have experience in handling a large variety of properties of differing sizes. The reputation we have is strong, and is one we pride ourselves on having. To this day, it continues to grow with every new client that we assist because of the quality of our services.

If you would like to work with us as well, please give our team a call. Whatever your plans, when they involve property investment Newham has nobody better to ask for help. We will be on hand when you need us to provide any assistance.