Extra care developer reports fewer starts due to “challenging viability”

L0055-Housing-21-oxenholme_1a_020620-1024x512

Inflation and planning delays making new schemes difficult for 22,000-home Housing 21

Housing 21 has reported a hit to its number of schemes started due to inflation and planning delays.

The extra care specialist, in an unaudited trading update for the six months to 30 September, said while its completions are “largely in line with expectations” its starts have dropped.

It said: “There have been fewer starts on sites due to delays in planning and high inflation in construction prices is making the financial viability of schemes coming forward challenging.”

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now