Custom-built and self-built homes are a way to change housing from something a community receives to something the community does for itself.
Despite a growth rate of 6.25% year on year, self-built properties are still a minor phenomenon in the UK, accounting for only 10% of a newly built homes. In contrast, 60% of homes in Germany, France, and Italy are self-built. In Australia and the U.S.A., the amount is 40%.
England and Scotland are now getting involved in a sector that could provide the UK with over 40,000 new homes per year.
The country’s first plot shop has now been opened. Located in Bicester, it will sell land plots on the Graven Hill in Oxfordshire to those seeking new custom built homes. Once complete, the development will be the biggest of its kind in the country, providing up to 1,900 new custom and self built homes.
Housing and Planning Minister Alok Sharma said that methods of supplying needed housing need to become more creative. The opening of the first plot shop in the UK will make it possible to deliver new custom built homes and self-built properties on a wider scale.
The SNP Government in Scotland is establishing simplified planning zones, where certain types of development will have planning permission waived. The Housing White Paper also confirmed intentions to doubling the number of custom and self-built homes by the end of the decade.
Virgin Money also released a product for self-builders. The new custom built homes market offers substantial growth potential by delivering high-quality homes tailored to a buyer’s individual requirements.