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UK will build new garden cities, says Clegg

Posted by: In: Real Estate 14 Apr 2014 Comments: 0 Tags: ,
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The UK will see up to three new garden cities with at least 15,000 homes each, it has been announced.

Deputy Prime Minister Nick Clegg today sounded a “call to arms” for visionaries to design the cities, which are hoped to reduce the UK’s housing shortage.

The potential sites are yet to be identified, but Clegg said that the government will work with the areas who submit the strongest interest in helping with the project – including suggestions for planning and design.

England saw 109,370 homes completed in 2013, but it is estimated that the number of households in the country will shoot up by around 221,000 every year this decade.

Housing prices have hit new highs, averaging £262,594 across in England and Wales in April, according to Rightmove. The situation is most dire in London, where asking prices have soared 41.6% since October 2007, driven largely by foreign investment, but first-time buyers across the UK are being priced out of the market.

According to Clegg, the average age of a new first-time buyer is now over 30.

“Garden cities”, towns purposefully designed to include plenty of green space, were built mainly after World War Two. Twenty-seven, including Milton Keynes and Stevenage, were designed to deal …read more

Source: OPP

    

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