London’s largest landlord has announced plans to invest £4bn in building 20,000 new homes in the North West as the housing market cools in the South East.
L&Q, a housing association, is in talks to buy Trafford Housing Trust. At least half of the planned homes will be affordable.
The slowing of the London housing market has limited the ability of housing associations to subsidise social housing with profits from market homes. However, there has been strong rental growth in the North West and it has outperformed London on house price growth.
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