10 INDUSTRY NEWS
First project announced via local authority fund is 670 Welwyn homes
Almost half of buyers would not purchase home again
Over two-fifths of British homeowners would not buy their home again if given the chance, a new study has highlighted. According to the study of 2,000 UK- homeowners, carried out by interiors company Hillarys, the main reasons behind this were practical issues with their home such as plumbing and heating. All respondents were initially asked if they would buy their current home again if they had to go back and do it all over again. 56 per cent said they would, but the remaining 44 per cent admitted that they would not.
When asked why, the top five responses were:
1. Issues with the house e.g. heating, plumbing, etc. – 59 per cent
2. The size of the house – 43 per cent 3. Having troublesome neighbours – 34 per cent
4. I don’t like the area – 29 per cent 5.Would prefer to live closer to friends and family – 25 per cent.
The results showed that those who lived in terraced homes were most likely to not want to buy their home again (39 per cent), with semi-detached (29 per cent), detached (25 per cent) and a bungalow (13 per cent) following respectively.
Unhappy homeowners were found to have lived in their current home for between three and five years, on average, with 37 per cent of those surveyed reveal- ing that they were already looking for another house. The top reasons for not looking were that they “can’t afford to move” (34 per cent), and that they were “waiting to see how Brexit affects the housing market” (20 per cent).
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Welwyn Hatfield Borough Council has confirmed that it has been awarded £10.6m for the first project agreed through the £450m Local Authority Accelerated Construction fund.
The council is to use the funding to prepare three sites for up to 670 new homes in Welwyn Garden City and Hatfield, South Hertfordshire, and plans to incorporate the use of modern methods of construction to minimise onsite disruption in the town centre areas and speed up the delivery of the new homes. Work is due to start on the first site at Hatfield Town Centre in June 2019, with each development including a target of 30 per cent affordable housing. Stephen Kinsella, executive director for land at Homes England, commented: “I’m delighted to see this first accelerated construction grant agreement being signed. The funding will enable Welwyn Hatfield Borough Council to develop their ambitious proposals for these three sites, and will help to deliver new homes for local people. “The plans will prioritise the use of modern methods of construction including panelised and hybrid construction, which will reduce time on site and minimise the impact on the local community, whilst delivering precision-engineered high quality homes.”
part by a £78m loan from Homes England to fund the first four phases of the scheme, as part of the Home Building Fund. The development will include 450
affordable homes across the two communi- ties, named East Wick and Sweetwater. Schools and green spaces, as well as business, creative, leisure and community facilities will also be developed at the two sites. Work has already begun on phase one of the site, which will include 130 new affordable homes and 105 for private rent, as well as more than 33,000 ft2 and creative space.
of business It is anticipated that the first phase of the
development will be completed in summer 2021, with work at East Wick and Sweetwater to be fully completed by 2028.
Airspace developments backed by City Hall
JV launches two new projects in Olympic Park
More than 1,500 homes, spanning two new neighbourhoods, are set to be constructed at London’s Queen Elizabeth Olympic Park.
Developed as a joint venture between Balfour Beatty Investments and Places For People, on land owned by the London Agency Development Corporation (LLDC), the project has been enabled in
A £10m loan to help roll out ‘airspace developments’ in the capital – offsite constructed homes built above existing buildings – has been received by Apex Airspace from City Hall. The funding, which has been granted through the Mayor’s Innovation Fund for affordable housing projects, is intended to enable Apex to forge a wider range of partnerships with London’s councils, housing associations and private market freeholders to scale new opportunities in both inner and outer boroughs, and deliver more housing. According to Arshad Bhatti, founder and chief executive of Apex Airspace, the company’s research shows “there is potential for up to 180,000 properties in London alone.”
“This would represent 42 per cent of the need identified by the London plan, up to 2025,” he continued. Apex’s model, which has delivered pilot
schemes in Camden and West Hampstead, uses modern methods of construction, with new homes constructed in factories. They arrive on site 95 per cent complete and are then craned onto roofs for installation.
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