There is currently a severe housing shortfall in the UK. The country needs 250,000 new homes each year, a target that has been missed by 100,000 units annually in recent years. City living, modern working trends and the fact that people are living for longer is only exacerbating the problem.
Through our housing platform, we are developing more homes to buy, introducing a new standard in modern rental accommodation and tackling house-building supply through modular construction. LGC has announced its recent acquisitions into later living as well as looking for new opportunities to increase the delivery of affordable homes. Looking to help provide the UK’s population with high quality, affordable living at all stages in their life cycle, LGC aims to become the leading provider of homes by 2021.
The key market fundamentals includes: