Affordable housing 'must be quality housing'
09-Jan-2006
It has been claimed that affordable housing developments in the UK need to be of a good quality to attract aspiring first time buyers.
Click here to ask about the legal costs of house-buying or to ask a legal question specific to your own situationWhile the market conditions at present mean that there is a significant demand for affordable homes and cheap properties for first time buyers, the Institute for Public Policy Research (ippr) has told the government that people will not buy the properties if they consider them to be of sub-standard quality.
Click here for our first time buyers guide to buying a propertyReferring specifically to the government's Thames Gateway affordable housing programme, the ippr has claimed that many properties will remain empty unless lessons from previous schemes are learnt.
The ippr explains that aspiring homeowners will not purchase properties that they consider to be of a poor quality, even if they are cheap, and therefore the government must ensure its flagship scheme at the Thames Gateway points the way for future affordable housing developments by offering high-quality properties at low prices.
Such aims are already the focus of the deputy prime minister John Prescott's plans for housebuilders to develop a property which costs just £60,000 to build.
Click here to see what properties are on the market in your area – whether you buy alone or with othersClick here for advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK’s leading High Street Brokers, Bradford and BingleyIf you want to post your comments on today's news in the FirstRung Forum click here
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