New home building in Peterborough highest in 25 years

Home/Regional News/New home building in Peterborough highest in 25 years

PicMonkey Collage 7Over 1,300 homes have been built in the city of Peterborough over the past year – the highest figure in more than 25 years.

There was a net gain of 1,342 homes in Peterborough, an increase of 55 per cent on the previous 12 months.

Of the homes built, 507 properties, or four in ten were affordable housing. This is a significant increase from 143 affordable homes built in 2013/14.

Councillor Peter Hiller, cabinet member for growth, planning, housing and economic development, said: “There is huge demand for housing in Peterborough. We are the UK’s second fastest growing city with a thriving economy, creating thousands of new jobs every year. We need to build more homes to keep up with demand. Over the past 12 months we have seen housing developers start and expand projects across the city.

“We understand there needs to be more high quality homes that residents can afford and so the sharp increase in the number of affordable properties built is very pleasing.

“The high levels of house building need to continue and we are confident this will be achieved through developments like the former hospital site and the continuing expansion of Hampton.”

Local house builders like Larkfleet Homes have been instrumental in the growth in new homes around Peterborough. Larkfleet has a number of developments including Hempsted Park in Peterborough, Parson’s Prospect in Eye and Whittlesey Green in Whittlesey. Visit Larkfleet Homes to find out more.