Property downturn 'could halve building of affordable homes'

Savills estimates about 100,000 new homes a year need to be priced below going market rate

A major downturn in Britain’s housing market could halve the building of affordable homes, the property firm Savills has warned.

Savills estimates that about 100,000 new homes a year – a third of the government’s 300,000 target – need to be priced at levels below the going market rate, whether for rent or for sale.

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from Property | The Guardian https://ift.tt/2PSTKgc
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