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Housing Minister annouces 1,000 new homes for private rent in London

By Bai Tianxing (People's Daily Online)    09:37, June 12, 2015
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LONDON June 10 (People's Daily Online)—— UK's Housing Minister Brandon Lewis announced today that three multi-million pound deals will provide over 1,000 new homes specifically for private rent in London. The homes will be built in some of the capital’s most sought-after locations – including the newest neighbourhood in Stratford’s Olympic Village site.

Mr Lewis said the completion of these 3 deals will provide good quality rented homes for tenants “well into the future”.

The £1 billion Build to Rent fund is designed to help developers produce large scale, quality homes, specifically for the private rented sector. Each site will include a mix of 1, 2 and 3-bedroom properties, all located closely to underground stations.

Speaking at the London Real Estate Forum, Housing Minister Brandon Lewis said:"As a global city, with excellent opportunities and links to the rest of the world, there is clear demand to provide people with the flexible option of renting in London."

Chief Executive of the Homes and Communities Agency Andy Rose said:"The HCA is focused on increasing housing supply and these latest deals will help to build a strong private rented sector providing a choice of quality homes in areas of high demand." 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Chun,Zhang Qian)

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