Work on homes to start after 'complex negotiations'
Original Article Summary
Planning permission to build 216 flats in Union Place, Worthing, has already been granted.
PropMatch Curated Analysis
Worthing Council finalised sale of development land to Roffey Homes for 216-home scheme, shifting from partnership to outright sale due to financial pressures, with all units now market-rate after affordable housing provider couldn't be secured.
Investor Relevance
Demonstrates councils increasingly selling development land due to financial constraints, creating acquisition opportunities. Shows market-rate housing becoming default when affordable provision proves challenging, potentially improving scheme viability and investor returns.
Original Source:
BBC NewsStay Updated
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