Prime Minister Theresa May has set about reshaping her cabinet in no uncertain terms. The comprehensive reshuffle has revealed a great deal about the new PM’s priorities, with clear commitment shown to both housebuilding and the North.
Gavin Barwell MP has been appointed as Minister of State for Housing and Planning (as well as Minister for London) and certainly has his work cut out. A recent report from the House of Lords Economic Affairs Committee found that the UK needs to build 300,000 new homes per year in order to curb the country’s increasing housing shortage. The figure represents a doubling of current housebuilding levels.
Prime Minister May has also appointed Andrew Percy MP as Northern Powerhouse Minister, signaling her support for the initiative first launched by the Chancellor of the Exchequer in 2014. The Northern Powerhouse proposal was designed to boost the economic growth of the North of England, with ‘core cities’ like Liverpool, Manchester and Leeds sharing in the wealth of London and the South East.
Stuart Johnson, Business Development Manager at Prime Centrum, which offers select property investment opportunities in the North, comments,
“It’s great to see that the government, under the leadership of Theresa May, will prioritise the very important issues of housebuilding and the Northern Powerhouse. It is essential that we act fast in order to prevent the UK’s housing crisis from worsening even further.
“We knew over a decade ago, thanks to the Barker Review of housing supply that the UK needed to speed up its homebuilding rate, but supply has consistently failed to keep up with demand since then. There can be no more slippage if we want to avoid a very real housing problem in our cities. It bodes well that the new Minister of State for Housing and Planning and the Northern Powerhouse Minister will be keen to prove their mettle so far as this is concerned in the North of England.”
Prime Centrum is certainly doing its part to head off the deepening housing crisis. The company is working with developers and investors to bring high end new homes to Liverpool at Parliament Residence. The 44 one- and two-bedroom apartments enjoy a central location within walking distance of Liverpool’s central business district, trendy Baltic Triangle and Albert Dock region. Ideal for professionals looking for city centre living, the private roof terrace lounge commands superb views over the city’s UNESCO World Heritage waterfront.
Apartments at Parliament Residence are available for investment from £109,000. Investors benefit from a 22% early investor discount and 7% NET income per annum assured for the first three years.
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