Housing Associations Buy Up Discounted Homes From Builders Amid Brexit Uncertainty

Housing associations are buying up new build homes from private builders at discounted rates, as they look to offload stock amid Brexit uncertainty in the housing market. Builders have sought out large housing associations in recent weeks to offer difficult-to-sell homes at discounts of up to 15%. The homes are being converted into affordable properties using government grant – but the move is a major sign of the growing uncertainty around Brexit and the stagnating market hitting house builders’ plans. Some are understood to be bolstering sales numbers before year end results. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/housing-associations-buy-up-discounted-homes-from-builders-amid-brexit-uncertainty-59683?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60