The current housing market is to say the least challenging. The media is consistently telling us that it is disastrous. Land value write-downs. Mortgage famine. Redundancy at all levels. Stock market falling. Recession and more recession.
So, why do we at Jessup see OPPORTUNITY in this situation?
As specialists in developing for the Social Housing market we accept that this situation is the new reality. Building costs are now very competitive and our business model, based on high quality and best value is exactly in tune with the times. This, combined with the fact that we are passionate about creating better living environments in partnership with our RSL clients enables us to deliver much needed affordable homes for those less fortunate within our communities.
With land values lower, due to lack of demand for speculative housing, we see 2009 as a fantastic opportunity for Jessup to partner with RSL clients to build good value housing stock, in conjunction with the newly formed Homes and Community Agency (HCA), previously the Housing Corporation and English partnerships, to be able to offer more regeneration opportunities.
We back this assertion with the news that we have recently agreed £8 million pounds of new business mostly secured by competitive tendering, a positive testament to the quality, value and expertise we are able to offer.