Earlier this week we got the news that Barking and Dagenham Council had given approval for a new housing strategy. It could have a fantastic impact on the area, creating more homes and addressing key issues in the borough. Crucially, it will help to shape different types of property investment in Barking and Dagenham in the next five years. Let’s have a closer look.

Goals

The new strategy for the borough is an ambitious plan to improve housing in the next five years. It involves some key goals. One of the most important is building more affordable homes. This is necessary because the area has a growing population and issues with affordability. As a result, the council is spending a huge amount on temporary accommodation and tackling homelessness. The goal is to build more high quality homes so people have decent, affordable places to live.

There is also a broader goal to make neighbourhoods in the borough nicer places to live. One way to achieve this is the council will invest more to raise the standards of the housing stock. Key here is they will be more proactive with repairs, upgrading homes, and safety. More importantly, they will work to tackle damp and mould to address the health concerns it can cause.

Barking and Dagenham Council is also committed to making the borough better for residents who need more help. Notably, they will build more accessible and adaptable homes. It will make communities stronger and ensure people have the kind of housing they need. If you are thinking about property investment in Barking and Dagenham, speak to us for advice.

Comments

Accompanying the announcement that the new housing strategy had secured approval, Cllr Maureen Worby spoke about the plans. She said they are putting residents first. Crucially, they want to make sure as the borough changes, it “works for everyone”. Key to this is delivering “safe, affordable homes”. They are essential for ensuring families have stability, leading to good health and more opportunities.

What next?

The housing strategy is an impressive, long term, place-based approach. It will improve standards for living, support growing neighbourhoods, and also make the borough greener. Importantly, it also includes provisions to boost the involvement of residents so they have a bigger say in what happens where they live.

A key thing is the council will work with various stakeholders to improve the supply of new housing, including affordable homes. This will include developers and housing associations.

Talk to us about property investment in Barking and Dagenham

The new housing strategy for Barking and Dagenham could have a big impact on the borough. Crucially, it could help to shape various projects to ensure they provide quality homes and much more. This could massively improve neighbourhoods and make them more attractive.

If you’re thinking about property investment in Barking and Dagenham, the next five years could be a really exciting time. We recommend you keep an eye on the borough, particularly new developments and regeneration projects. Then, if you want some help, you can rely on us. We offer a flexible range of service, including guaranteed rent, management, HMOs, and more.

So, get in touch if you want to discuss property investments with us.