EXPANDING SUPPLY TO MEET CRITICAL DEMAND
SOCIAL HOUSING
The shortage of social housing in England and Wales has reached a crisis point, with approximately 4.5 million people currently on local authority housing waiting lists. Despite the growing need, only 31,000 new social homes were delivered in England and Wales during 2024. This gap is further underscored by the increasing number of vulnerable individuals awaiting housing. At Octavian Development & Property Group, we are committed to addressing this challenge by delivering sustainable and high-quality affordable housing solutions.
A Sector on the Rise
Between April 2022 and March 2023, Homes England reported 36,478 new housing starts and 32,990 completions. Of these starts, 78% (28,457 homes) were designated as affordable, reflecting a 3% increase from the previous year. Affordable housing completions accounted for 71% (23,318 homes) of total completions during the same period.
Notable trends include a 12% increase in Social Rent home starts, totaling 2,218 units. Conversely, Affordable Rent home starts decreased by 17% to 4,793 units. Intermediate Affordable Housing schemes, such as Shared Ownership and Rent to Buy, experienced a 19% decline in starts, amounting to 3,921 homes.
Are you a social housing provider?
DELIVERING AFFORDABLE HOUSING NATIONWIDE
Octavian Development & Property Group has an extensive focus and growing network with Registered Providers to deliver social housing schemes as part of wider developments or standalone projects. By aligning with both local and national housing policies, we work with private and public organizations to address the urgent need for affordable homes highlighted in successive housing reports.
Our team leverages expertise in land acquisition, planning, construction, and finance to forge partnerships with Local Authorities and Registered Providers. By understanding their specific affordable housing needs, we develop tailored schemes in optimal locations, reducing housing waiting lists and easing financial pressures on housing budgets. Our goal is to make affordable housing accessible to the individuals and families who need it most, contributing to stronger, more inclusive communities across the U.K.