House building in Bexley not stopped by economy (From News Shopper)

House building in Bexley not stopped by economy

3:48pm Friday 27th January 2012 in News By Jim Palmer

DESPITE the economic gloom, house building in Bexley is continuing at a positive rate.

While much of the country is facing reduced construction, falling house prices and increasing difficulty in getting mortgages approved, Bexley is set to receive more than 1,800 houses in the next five years – with nearly 20 per cent affordable for rent and shared ownership.

Bexley Council’s cabinet member for economic development and regeneration, Councillor Linda Bailey said: “It is good news to see so many new homes under construction in Bexley, particularly in light of the difficult housing market. We will continue to work with developers and housing associations, to ensure there is a range of quality housing coming forward in the borough."

Funding from the Homes and Communities Agency has helped supply affordable homes and key developments include at Crayford Town Hall, Southmere Village in Thamesmead and Larner Road in Erith.