In recent years, affordability has worsened across the housing sector for both renting and home ownership, with lower-income households feeling the greatest strain. 💸🏠
As such, and in light of the significant pressures on public finances, it’s encouraging to see that Affordable Housing was a central focus of the Spending Review. 📊✅
A major highlight was the announcement of a £39 billion investment 💷 through a new 10-year programme aimed at expanding affordable housing. 🏘️📈
Also important was the introduction of a 10-year rent settlement, which is expected to play a key role in attracting private sector investment into the sector. 🧾💼
Additionally, £10 billion has been allocated to support financial investments by Homes England, further encouraging private capital involvement. 🏢📥
Since employment and earning potential are major influences on housing demand and prices, it’s also positive to see increased funding for Research & Development – particularly in Life Sciences – as a means of boosting economic growth. 🧬💼📊
Source: Dataloft by PriceHubble
