In a recent feature for Property Week, Geeta Nanda, chief executive of our client Metropolitan Thames Valley, discusses the important role that housebuilding will play when the UK begins to emerge from the current crisis.
The article brings out that although the UK was facing a housing crisis before the coronavirus pandemic, the financial difficulties and job insecurities brought about by the virus have compounded existing problems. Nanda says that as well as addressing the massive demand for new homes, housebuilding also has the potential to provide the economy with a sizeable and much-needed stimulus.
Regarding Metropolitan Thames Valley’s approach, Geeta Nanda says:
At Metropolitan Thames Valley, we want to be at the heart of a coming-together of government, HAs, developers and builders, working together to deliver new solutions.
Nanda states that in its present state, the housing market shuts out many of the key workers that have played a pivotal role during this crisis. Many of these key workers are priced out of not just home ownership, but even affordable rented housing, meaning that building homes for them will require a new and fresh industry mindset.
You can read the article in full on Property Week’s website here.