Government shows off £60,000 house

10-Jun-2005

The government has given first time buyers a glimpse of the future by unveiling a model of what the first £60,000 house will look like

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As aspiring homeowners struggle to get onto the first rung of the property ladder, the government has already launched the second phase of its competition to get property developers to create a house that can be sold for just £60,000.

And now Linden Homes has offered the first signs to aspiring first time buyers that such a house may be on the horizon, and could well form the basis John Prescott's ambitious housebuilding project.

Mr Prescott has opened up large amounts of public land for the creation of affordable homes, to be built over the next five to ten years, and Linden's model of a future affordable home is set to be very good news for aspiring first time buyers, and in particular those looking to benefit from key worker homes.

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Linden's chief executive, Philip Davies, commented: "By providing free land for the construction of these £60,000 homes, the Government has allowed housebuilders to explore innovative new construction methods that enable us to build more properties at a faster rate, for lower costs."

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