We’ve heard a lot about the Chinese money flooding in but now one of India’s principal housebuilders (Xrbia) is now looking to move into the UK’s affordable housing market.
After a disappointing Autumn statement, I am sure that buyers will welcome the introduction of truly affordable housing in London. Xrbia claim to be able to deliver cheap homes thanks to new hybrid steel technology all for around £80,000, which is rather less than the price of a pint on the West End.
The introduction of a new player, could be the real solution to the housing crisis. I am certainly not singing the praises of a weak currency (not least because of the cost of my holiday spends) but I am hopeful that investment like this will induce the government to really invest in the housing market or at least do more to smooth the way.
To build the number of homes the UK needs is not just about bricks and mortar, but fundamental changes in philosophy and process.