Garden Communities – A Solution To A Broken Housing Market?

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Following on from my post “A Broken Housing Market, the Government has recently announced their Garden Communities Programme.

It has been more than a century since Ebenezer Howard first outlined his idea of the Garden City. Todays average house price is eight times the average income; a whole generation has been held back from home ownership through no fault of their own.

The Garden Communities Programme is a call to developers, investors, local authorities and local enterprise partnerships to build communities with local character, good employment opportunities, strong services, integrated and accessible transport, innovative uses of technology and green spaces.

Priority will be given to Garden Towns (more than 10,000 homes) but considerations will be given to Garden Villages too (1,500 to 10,000 homes).

The current programme supports 23 places that will deliver 200,000 homes by 2050.

Local authorities are tasked with driving this and the Government will be supported via Homes England with expertise, capital investment and cross Government Brokerage to resolve barriers to delivery.

Time will tell whether Ebenezer Howard’s vision will become a reality.

To read more articles on the property sector from Nick Symes, Director of Property, please visit:

http://www.reichinsurance.co.uk/media-centre/

Tags: housing | society | regeneration | housebuilding