New homes set to explode in Yorkshire and Humber

The UK government has unveiled a plan to meet the needs of an estimated 414,000 new homes set to be built in a North East region. Projections show new that the developement of new homes is set to explode in the Yorkshire and Humber area in the period up to 2026.

Around 23,000 new houses are set to be built in the area every year during this period, prompting officials to develop the Yorkshire and Humber Plan. Communities Minister Baroness Andrews said:

“Yorkshire and Humber needs a long-term vision for delivering much needed sustainable growth that addresses its housing shortages, tackles climate change and strengthens the region’s economy.

“If more homes are not built now in Yorkshire and Humber the housing ladder will get even further out of reach leaving the next generation with nowhere to live.”

Millions of pounds in government cash is set to be pumped into the region to speed up the development of new homes, with thousands of residential property investment opportunities set to spring up in the next two years alone.

Environmentally-friendly and sustainable housing will be a big priority, with officials also adding the area is ‘vulnerable’ to climate change. Key points in the plan include confirmation of expected annual job growth of around 29,000 and policies to support economic development in city and town centres.

[tags]real estate[/tags]