Coronavirus slump could delay building of 300,000 homes

Research suggests social housing construction risks falling to wartime levels

More than 300,000 planned new homes may remain on the drawing board over the next five years, deepening the UK’s housing crisis, as a result of the coronavirus pandemic, new research predicts.

Stalled construction and the recession will slash the number of new homes being built, with 85,000 predicted to be lost this financial year, according to a study by the property agency Savills with the housing charity Shelter.

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Source: theguardian – realestate
Coronavirus slump could delay building of 300,000 homes