The UK housing market is worth £5 trillion. We see many opportunities for investment in this market and are already a big player in the housing market. This market touches on a large number of our business divisions:
9 Feb 2017
Legal & General is well placed to address the issues we face on housing and as you might expect, we are also working closely with government to help fix ‘the UK’s broken housing market’. Sajid Javid, Secretary of State for Communities and Local Government recently visited Legal & General Homes in Sherburn-in-Elmet. Mr Javid was joined by Roger Marsh, OBE, Chair of the Leeds City Region Local Enterprise Partnership.
Both were welcomed by Nigel Wilson and Nick Frankland, CEO of Legal & General Modular Homes. The aim of the visit was to share with Mr Javid our modular construction plans to help turn around Britain’s housing shortage. Mr Javid was able to meet the team getting the factory ready for full production, visit the prototype homes that have been manufactured on site and see the high level of finish this construction technique employs.
Nigel said: “It is terrific that we are able to support the government in its work on housing. We have a strong housing story, driven by our need to invest in the long term in the UK. The home prototypes at the factory are really impressive and demonstrate our production capability and quality. I was glad to see Mr Javid was really interested in the work we are doing in Yorkshire and I was hugely proud to show our progress to date.”
The Housing White Paper, issued on 7 February shows that the government is taking the challenges of the UK housing crisis very seriously. The paper is supportive of many of our housing initiatives, for example, build to rent, last time buyers, modular homes and was encouraging for housing in the future in the UK. The key themes of the paper are:
You can read the White Paper here.
Keep an eye on Landscape this year for more updates on Housing – it is going to be a key theme for 2017.
If you have any questions on Housing, contact us.