Canterbury draws up plan for thousands of homes
Original Article Summary
It has a target of building 1,215 homes a year, totalling more than 23,000 by 2042/43.
PropMatch Curated Analysis
Canterbury City Council has approved a housing strategy targeting 23,000+ new homes by 2043, with 30% affordable housing requirements on greenfield sites and increased focus on brownfield development. The plan removes unpopular sites while requiring specific quotas for social rent and older people's housing.
Investor Relevance
Significant supply increase could affect rental demand and property values in Canterbury. The 30% affordable housing requirement impacts development viability, while the shift to brownfield sites may create different investment opportunities. Social housing quotas and older people's housing focus signal specific tenant demand trends.
Original Source:
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