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New affordable homes in London
Fresh figures released by the Network Housing Group, based on a new report from the London Finance Commission, shows that funds derived from stamp duty from London property sales could have the potential to deliver a 91% increase in the amount of affordable homes built in the capital each year. In 2012, a total of 8,380 affordable homes were built across London's 33 boroughs.
Being home to three universities, it's little wonder that so many young professionals reside in Glasgow. This being the case, there are plenty of opportunities for house-hunters to get their foot on the property ladder by purchasing a new-build home in the city. First-time buyers looking to find a new home in Glasgow will find a good choice of properties available to them, from compact one-bedroom apartments to more spacious family homes, all under £150,000.
With sales on the first phase going well, Mactaggart & Mickel Homes has just announced that it will be releasing a second phase of properties in a contemporary design at the Williamwood development in April 2013. Located in Clarkston, one of Glasgow's most sought-after suburbs, this new collection of 45 new homes in Scotland will feature something to appeal to a broad range of homebuyers, from apartments to villas.
Spring has arrived early at Bellway Homes' flourishing Eastfields development on the east side of Glasgow. Two new ‘Eden' and ‘Rosebery' show homes have just been launched, which, along with a great choice of incentives, are sure to chase away the last of the winter blues for new homebuyers!
Situated off Myreside Street in South Carntyne, Eastfields offers a mix of properties from one-bedroom apartments to four-bedroom townhouses and a range of prices from £76,995 to £170,995.
Hundreds of private homes are set to be built as part of a multi-million pound plan to bring new residents into the Laurieston area of the Gorbals. City politicians have given the green light to plans for 600 new homes-for-sale and, potentially, 160 more. The go-ahead has also been given for a wider master plan which includes a hotel, shops and community facilities. However, it could be years before all the private homes are available. Supply of the flats and houses will be driven by demand.
Property seekers hoping to find the best of city-centre living in Glasgow have only a few opportunities to purchase a new-build apartment at Devonshire Row, the Manor Kingdom development in Hughenden in the chic West End area. Buyers can find a property there from £267,000, which secures a high-specification two-bedroom apartment.
The Scottish Government will provide a £10million loan fund to kick-start stalled housing projects so that more new homes in Scotland can be created. The House-building Infrastructure Loans Fund offers help to housebuilders who are unable to attract private-sector finance, to invest in the infrastructure needed for projects to go ahead.
Taylor Wimpey's impressive Ferry Village development sits at the heart of what has been established as one of the most desirable waterfront locations in Renfrew Riverside, close to Glasgow city centre.
Mactaggart & Mickel Group is set to have a busy 2012, with plans for four projects underway that between them will offer around 250 new homes in Scotland, including nearly 50 affordable properties, and 240 student units.