Modular homes sometimes referred to as “factory built construction”, encompass a category of housing built in sections typically at a factory location. These houses must conform to local and regional building codes for the country the buyer plans to situate the dwelling.
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Is building smaller homes the key to housing London’s first-time buyers – or a matter of concern? Sold at about 20 per cent below local market rate and backed by the Mayor, micro-flats could be the answer for London’s would-be home owners.
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London needs over 30,000 new homes every year for the next 15 years to keep up with the demand from the people who wish to live and work in the city. Despite good housing output, figures published by the GLA show that there is a huge deficit in the number of affordable homes being produced, particularly larger homes.