Property News · August 4, 2024

L&G warns housebuilding drive needs decade to tackle housing crisis at current pace


Group taps Greater Manchester Pension Fund to boost coffers but warns push for affordable homes must move fasterBosses at the insurance and pensions group Legal & General, which invests in and builds homes, said it will take more than a decade to tackle the UK’s affordable housing crisis at the current pace of construction.L&G welcomed Labour’s housebuilding drive, but said the entire industry would need to move at a faster pace as it joined forces withthe Greater Manchester Pension Fund (GMPF), the UK’s largest local government pension scheme, to boost funds available for low-cost homes. Continue reading…

Source : theguardian.com
Read more…L&G warns housebuilding drive needs decade to tackle housing crisis at current pace

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